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Vietnam participated in a bid for the shares of US Murphy Oil

Vietnam participated in a bid for the shares of US Murphy Oil - 

The Electronic website of Voice of Vietnam cited to an information from Reuters that PetroVietnam has participated in a bid for the shares of oil and gas mines of US Murphy Oil in Malaysia.

At present Murphy Oil has the shares in many petroleum fields in Malaysia, Vietnam, Indonesia, Brunei and Australia (Photos: An offshore Malaysia petroleum project).

According to the information, the number of shares for bidding was 30% stakes of petroleum fields of Murphy Oil in Malaysian.

This act of PetroVietnam shows that Vietnam is desiring to increase the crude oil reserve that was going down in the last decade, while Murphy Oil and other oil and gas companies of the United States are reducing their oversea assets when increasing the prospect of domestic exploitation.

In this tender also some other companies participated, such as Mitsubishi of Japan, State petroleum companies of India and Foreign Petroleum Exploration of Kuwait, of which Kuwait company bided US$ 2 billion for these shares. In the meantime PetroVietnam tendered a price higher than US$ 1.5 billion of companies from India.

At present Murphy Oil has the shares in many petroleum fields in Malaysia, Vietnam, Indonesia, Brunei and Australia

In case, if PetroVietnam selected, it should be a largest commercial affair of Vietnamese businesses.

Vietnamenergy.vn

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