Repsol, Lundin reportedly eyeing Marathon Oil's Norway assets

|About: Repsol S.A. ADR (REPYY)|By:, SA News Editor

Spanish media says domestic oil company Repsol (REPYY, REPYF) is poised to make a bid of €2B ($2.7B) for Marathon Oil's (MRO) assets off Norway in a move to optimize its own portfolio.

Sweden's Lundin (LNDNF, LNDNY) is among a lineup of 10 bidders angling for the MRO's portfolio, with possible participation by Asian players, according to the head of Oslo-based research firm Rystad Energy.

Analysts say MRO could announce a deal for the assets as soon as mid-June after bids were submitted earlier this month.