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November 21, 2012
09:04 EDTMURMurphy Oil abandons offshore Congo well and acquires Australia interest
Murphy Oil announced the results of its recent drilling offshore Republic of the Congo in the Mer Profonde Nord permit and entry into a new block offshore Australia. The Opale Marine - 1 well in the MPN Block was unsuccessful and has been plugged and abandoned. The total net cost of the well is estimated at $48M and will be expensed in Q4. As a result, Murphy will also take a noncash charge of $29M in the quarter to write off the Titane Marine - 1 well. The company has also expanded its position in the Browse Basin offshore Australia by picking up a 20% working interest in Block WA-408-P where drilling is expected to begin in December this year.
News For MUR From The Last 14 Days
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July 31, 2014
14:01 EDTMURMurphy Oil expects sale of UK refinery to close by October 31
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13:06 EDTMURMurphy Oil sees Q3 production 225,000 BOEPD
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08:26 EDTMURMurphy Oil agrees to sell Milford Haven refinery to Klesch Refinery
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July 30, 2014
17:40 EDTMURMurphy Oil revises FY14 production view to 220K-225K bopd
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17:39 EDTMURMurphy Oil reports preliminary Q2 EPS 90c, consensus $1.21
Second quarter production averaged 210,191 boepd. The company noted, "This was approximately 3% below our guidance of 217,000 boepd for the quarter. The shortfall for the quarter was primarily attributed to the global offshore business in Malaysia with lower oil and gas volumes related to a well operational delay on Kikeh, continued unplanned downtime at a third party methanol plant that processes Kikeh associated gas, a rig mobilization delay at a Sarawak oil platform, and various downtime events at shallow- and deep-water facilities."
15:31 EDTMURNotable companies reporting after market close
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