Murphy Oil's Malaysia assets draw interest from Mitsubishi, ONGC

Japan trading house Mitsubishi has submitted a non-binding bid to buy Murphy Oil's (NYSE:MUR) Malaysian oil and gas assets valued at ~$2.5B, Reuters reports.

India's Oil & Natural Gas Corp and Oil India are among other suitors reportedly preparing to submit bids for the MUR assets.

Malaysia is the biggest of MUR's Asian portfolios, and accounted for more than 45% of its total 2012 net production.

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