Reuters: Murphy Oil mulls $3B in Asian asset sales

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Murphy Oil (MUR) is thinking about following some of its U.S. peers and selling Asian oil and gas assets worth as much as $3B, Reuters reports.

One possible deal is the sale of 30% of Murphy's operations in Malaysia; the company also has interests in Vietnam, Indonesia, Brunei and Australia.

Murphy has been inspired by the strong demand for assets that Newfield Exploration and Hess sold in auctions last year.