ExplorationOffshoreOnshore

Explorers at heart.

At Murphy Oil, exploration is more than a conscious choice. It’s part of our nature, an innate yearning for what’s next. So we are committed to exploration of new plays, new technologies and new talent. From our steady, efficient North American Onshore oil and natural gas production, to the strategic, innovative approach to our Global Offshore efforts, we continue to pursue new horizons and to grow our reserves. Intelligently. Responsibly. Relentlessly.

EXPLORATION. THE PERMANENT PURSUIT.

Back in the 1920s and 30s, when Charles H. Murphy, Sr. shifted the focus of the family business from banking and timber to oil, the company embarked on an endless journey to find and capture the precious resources necessary to fuel current and future generations.

More than 80 years later, Murphy Oil Corporation has become an international independent, nimble, persistent pursuer of crude oil, natural gas and natural gas liquids. But to ensure the endeavor remains fruitful and sustainable, the leadership team at Murphy Oil remains measured and strategic in our pursuit. For starters, our global exploration program adheres to a 10+ well target annually, with a focus in four key regions.

We seek high-impact opportunities, places that allow us to take advantage of our strong expertise in specific play types.

  • Large structures in new areas
  • Oil-prone deepwater stratigraphic plays
  • Multiple structures – cluster development

Finally, our technical know-how enables us to execute unique projects cost-effectively, deploy existing technologies in new ways, reduce downtime and maximize production.

   

 

 

 

 

 

 

 

 

 

 

 

 

A NIMBLE, PREFERRED PARTNER WITH SUPER MAJOR CAPABILITY.

Our success offshore is in large part due to our ability to appraise and develop discoveries quickly and cost-effectively. Operational expertise is certainly a factor. We maximize production, minimize downtime, and manage to produce without sacrificing safety. That’s why we’re able to go from discovery to first oil so expediently for a significant deepwater play like the Kikeh field in Malaysia.

The local knowledge we’ve accumulated and the strong relationships we’ve fostered in our regions of operation have been invaluable. All these factors have given us the reputation as a preferred partner. As well as exposure to significant, impactful reserves with high margin and value potential.

   

ONSHORE IS ON TARGET, ON SCHEDULE AND ALWAYS ON.

Our North America Onshore operations play a big role in our success and stability as a company. A long-term, stable production base balances the cyclical production common to offshore fields.

In North America, we’ve formed a large portfolio of producing wells, reducing company-wide risk. We maintain a long-term production profile focus. Production from the Eagle Ford Shale in south Texas continues to grow. The Montney play in northeast British Columbia, is a high quality natural gas asset that provides upside exposure to Canadian LNG and improved North America markets.

GROWING OUR TALENT RESERVES

This very productive part of the business has proven to be an excellent training ground for much of our international brainpower. North America operations have served as a career launching pad for tomorrow’s leaders.

   

 

 

LINKS TO NA ONSHORE PLAYS: