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Hess Corp and Newfield Exploration Co To Launch Sale Of $3 Billion Of Asian Assets; Kuwait Petroleum Corp's KUFPEC, PTT Exploration and Production PCL, Premier Oil PLC Among Probable Bidders-Reuters


Friday, 21 Jun 2013 01:25am EDT 

Reuters reported that Hess Corp and Newfield Exploration Co have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion. KUFPEC, a unit of Kuwait Petroleum Corp, Premier Oil, Pertamina Persero PT, and PTT Exploration and Production PCL are among companies considering making bids for the assets. KrisEnergy Holdings Ltd and Talisman Energy Inc are also expected to place bids. KrisEnergy, Talisman, Premier and PTT Exploration declined comment. Hess did not offer an immediate comment. Kuwait Petroleum was not available for comment. 

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