Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program
July 10, 2019
Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program
Murphy Turns to Eagle Ford, GOM after $2.1 Billion Sale to Depart Malaysia
March 21, 2019
Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a major divestiture today, selling the company’s Malaysian assets to focus on its Eagle Ford development. Murphy will sell its entire Malaysian portfolio, consisting of three offshore fields in the eastern portion of the country. These assets produced 48 MBOEPD in
Shell Targets Growth from Deep-Water Production, Starts Oil Production from Malikai Tension-Leg Platform in Malaysia
December 14, 2016
Shell’s first TLP outside the Gulf of Mexico Malikai employs a tension leg platform (TLP), a vertically floating structure moored by groups of tethers (tendons) at each corner. The groups of tendons are held upright in tension, giving the platform its name. Production wellheads on deck (connected directly to the subsea wells by rigid risers), instead of on the seafloor,
