PETALING JAYA: Spurred by the recent sale of Newfield Exploration Co’s Malaysian operations, American oil major Murphy Oil Corp is looking to hive off a 30% stake in its oil and gas (O&G) assets here at a price tag of US$2bil-US$3bil (RM6.62bil-RM9.93bil), sources said.
A sale by Murphy is potentially more lucrative than the one agreed between Newfield and SapuraKencana Petroleum Bhd last year for US$898mil (RM2.97bil), given its much larger production and reserves, O&G executives told StarBiz.
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