04DEC2018 - NEWS - Murphy Oil and Petrobras America seals deal to form a Gulf of Mexico joint venture

Subsidiary Murphy Exploration & Production Company, Murphy Oil and Petrobras America have recently closed a deal to form a Gulf of Mexico joint venture. Both companies have contributed all their current producing Gulf of Mexico assets to the joint venture company, MP Gulf of Mexico, which will be owned 80% by Murphy and 20% by Petrobras. Murphy will be overseeing the operations, which will increasing its total Gulf of Mexico production to around 60,000 net barrels of oil equivalent per day.
 

Published by Editor - www.Livebunkers.com at 04-Dec-2018 06:00:40 [UTC] , contact editor at editor@livebunkers.com