International oil and gas company growing upstream
Murphy Oil Corporation (Murphy) was originally established in Lousiana in 1950 as Murphy Corporation but is today headquartered in El Dorado, Arkansas, USA, and listed in the New York Stock Exchange.
Murphy leads exploration in many countries and produces oil and natural gas mostly from USA (Gulf of Mexico), Canada (Alberta) , UK (North Sea), Malaysia (Sarawak) and Republic of Congo.
On the downstream side, Murphy runs the Milford Haven refinery in Wales, UK, and operates an large network of retailers under Murphy USA brand across 23 states in USA.
These gasoline stations neighbored Wal-Mart Supercenters to deliver low-cost, high volume gasoline.
To support these retailers network, Murphy operates six terminals to provide with gasoline through the 23 States.
Murphy Oil Corporation is a holding company leaving all other Murphy entities to run the operations:
– Murphy Exploration & Production Company, (Murphy EXPRO) is the spearhead of the oil and natural gas exploration and production with its head office in Houston, Texas
– Murphy Oil USA, Inc., (MOUSA) markets and distributes oil and gas refined products in the USA with head office in El Dorado, Arkansas
– Murphy Oil Company, Ltd., (MOCL) is working on unconventional oil and natural gas with head office in Calgary, Alberta, Canada.
– Murphy Eastern Oil Company, (MEOC) is supporting UK downstream operations regarding the refining, marketing and transporting of petroleum products in the UK with head office in St. Albans, Hertfordshire, England.
– Murphy Sarawak Oil Co.Ltd., Murphy Sabah Oil Co. Ltd., Murphy Peninsular Malaysia Oil Co. Ltd. to develop strategic exploration and production in Malaysia since 1999, with head office in Kuala Lumpur, Malaysia.
Murphy Oil Key Figures
– 2011 Revenues: $27,7 billion
– 2010 Revenues: $20,1 billion
– 2009 Revenues: $16,8 billion
– 2011 Earnings: $0,8 billion
– 2010 Earnings: $0,7 billion
– 2009 Earnings: $0,8 billion
– 2011 Capital Expenditure: $2,9 billion
– 2010 Capital Expenditure: $2,4 billion
-2009 Capital Expenditures: $2,2 billion
Murphy Oil Projects and Business Highlights
If Murphy Oil Corporation head quarter is in El Dorado in Arkansas, the oil and natural gas exploration and production business in directly managed from Houston in Texas.
With the actual production of oil, gas and natural gas liquids coming from the USA, Canada, Malaysia, UK and Republic of the Congo, Murphy prospects annually in at least 10 countries around the world.
This overseas exploration and production program complements Murphy’s core development activities in North America with conventional and unconventional oil and gas in:
– Seal Lake and Southern Alberta in Canada
– Eagle Ford shale gas in South Texas
– Montney natural gas development in northeastern British Columbia, Canada.
– Pre-salt and Post-salt fields offshore Republic of Congo in Mer Profonde Nord (MPD) and Mer Profonde Sud (MPS)
With 124% replacement of reserves, Murphy is planning to increase its production of crude oil,natural gas and condensate from 200,000 barrel of oil equivalent (boe) in 2011 to 300,000 boe in 2015.
To support its development Murphy has taken working interests in projects in:
– UK North Sea with BP
– Indonesia in South Barito in South Kalimantan in Borneo and West Papua
– Kurdistan of Iraq in the Central Dohuk Block
– Australia in Browse basin and Bonaparte basin
Murphy Oil is consolidating its positions in midstream and refining while building its growth on selected conventional and unconventional oil and gas fields.
