A month after unveiling plans to divest assets in Malaysia, Murphy Oil Co. is sharpening its focus on the deepwater Gulf of Mexico. A month after unveiling plans to divest business units in Malaysia , Murphy Oil Corp. is sharpening its focus on the deepwater Gulf of Mexico (GOM). The El Dorado, Ark.- based firm reported Tuesday that its subsidiary Murphy Exploration & Production Co. – USA has entered into a definitive agreement to acquire deepwater GOM assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. Murphy noted that the assets currently produce approximately 38,000 barrels of oil equivalent per day (Boepd) and should add roughly 66 million barrels of oil equivalent net (MMboe) of proven (1P) reserves and 122 Mmboe of proven and probable (2P) reserves. Moreover, the company stated that oil makes up 72 percent of the 1P and 2P reserves. The $1.625 billion transaction […]