BRIEF-Murphy Oil Corp Announces Strategic Sale Of Malaysian Portfolio
March 21 (Reuters) - Murphy Oil Corp:
* MURPHY OIL CORPORATION ANNOUNCES STRATEGIC SALE OF MALAYSIAN PORTFOLIO IN ALL-CASH TRANSACTION VALUED AT US$2.127 BILLION
* MURPHY OIL CORP - STRATEGIC EXIT FROM MALAYSIA SIMPLIFIES COMPANY AND ENABLES ENHANCED FOCUS ON WESTERN HEMISPHERE ASSETS
* MURPHY OIL CORP - DEAL FOR ALL-CASH TRANSACTION VALUED AT US$2.127 BILLION
* MURPHY OIL CORP - BOARD AUTHORIZES $500 MILLION SHARE REPURCHASE PROGRAM
* MURPHY OIL CORP - DEAL FOR BOARD AUTHORIZES $500 MILLION SHARE REPURCHASE PROGRAM
* MURPHY OIL CORP - DIVEST ISSUED SHARE CAPITAL OF TWO PRIMARY MALAYSIAN SUBSIDIARIES, MURPHY SABAH OIL CO., LTD. AND MURPHY SARAWAK OIL CO., LTD.
* MURPHY OIL CORP - TO DIVEST SOME ASSETS TO A SUBSIDIARY OF PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED
* MURPHY OIL CORP - UNDER TERMS OF TRANSACTION, MURPHY WILL EXIT COUNTRY OF MALAYSIA
* MURPHY OIL - PTTEP TO PAY CO $2.127 BILLION IN ALL-CASH DEAL, PLUS UP TO $100 MILLION BONUS PAYMENT CONTINGENT UPON SOME FUTURE EXPLORATORY DRILLING RESULTS
* MURPHY OIL CORP - TOTAL PRODUCTION NET TO MURPHY IN 2018 FOR PROPERTIES TO BE DIVESTED WAS OVER 48,000 BARREL OF OIL EQUIVALENT PER DAY
* MURPHY OIL CORP - MURPHY'S BOARD OF DIRECTORS HAS APPROVED A NEW $500 MILLION SHARE REPURCHASE PROGRAM, EXPIRING ON DECEMBER 31, 2020
* MURPHY OIL CORP - PLANS TO CONTINUE ITS CURRENT OIL-WEIGHTED STRATEGY IN BOTH EAGLE FORD SHALE AND GULF OF MEXICO
* MURPHY OIL - EXPECTS TO RECORD A BOOK GAIN ON SALE BETWEEN $0.9 BILLION TO $1.0 BILLION, AND PLANS TO REPATRIATE ESSENTIALLY ALL OF CASH PROCEEDS TO US
* MURPHY OIL - PTTEP WILL PAY $2.127 BILLION PLUS UP TO $100 MILLION BONUS PAYMENT CONTINGENT UPON CERTAIN FUTURE EXPLORATORY DRILLING RESULTS PRIOR TO OCT 2020
* MURPHY OIL CORP - CASH PROCEEDS WILL BE ALLOCATED TO SHARE REPURCHASES, DEBT REDUCTION AND SUPPORT SUSTAINED OIL-WEIGHTED GROWTH Source text for Eikon: Further company coverage:
