Offshore staff
EL DORADO, ARK — Murphy Oil Corp. has allocated close to $335 million for development drilling and field developments projects in the Gulf of Mexico (GoM) this year.
These include three operated and three non-operated subsea tiebacks, and Murphy's share of work on the St. Malo waterflood project prior to its completion in early 2024.
In addition, the company has budgeted about $30 million for its offshore eastern Canada projects, comprising $18 million for development drilling at the Hibernia Field and $12 million for Terra Nova ahead of the field resuming production this spring, following upgrades to the FPSO.
Murphy has set aside $100 million for exploration, most of it for drilling operated wells in the GoM.
Late last year the company brought online two operated wells in the Samurai Field, concluding the initial phase of the Khaleesi, Mormont, Samurai field development.
It continues to deliver on average 97% uptime at the King’s Quay floating production system since the platform started operating last April. And the Lucius #10 (Keathley Canyon 919) well also came onstream during the fourth quarter.
Drilling continues on the operated Oso-1 (Atwater Valley 138) exploration well, which spud toward the end of last year.
For first-quarter 2023, the company is targeting overall production of 161 MMboe/d to 169 MMboe/d.
01.26.2023
