SK Earthon Seeks Buyer for $140 Million Vietnam Oil Stakes

South Korea’s SK Earthon Co., the oil exploration subsidiary of SK Innovation, has put its stake in three offshore oil blocks in Vietnam up for sale as part of efforts to strengthen its financial position, according to industry sources. The assets are estimated to be worth around 200 billion won (U.S. $140 million). SK Earthon has been active in Vietnam since 1998, operating four offshore blocks in partnership with Murphy Oil Corp. of the U.S. and PetroVietnam Exploration Production Corporation (PVEP). Th ...