Monday, February 6, 2012

Murphy weighs up possible exit

US independent Murphy Oil is considering pulling out of the Gulf of Mexico as the volume of production and pace of exploration and development activity begins to wane. Murphy chief executive David Wood said the company’s production was hit by the “delay in permitting” since Macondo and requirements for new drilling permits.


For more on Murphy Oil’s presentations and reports, check out the Derrick Document Search Tool:


http://docsearch.derrickpetroleum.com/search/presentations/q/Murphy%20Oil/sort/date/document/4/page/0/

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