Murphy Oil Announces First Production at Medusa Field

abarrelfullabarrelfull wrote on 20 Jul 2012 13:01

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December 1, 2003

Murphy Oil Corporation (NYSE:MUR) announced today it has commenced production from its Medusa field located in Mississippi Canyon Blocks 538 and 582. The Medusa development is located in 2,200 feet of water and consists of a spar facility capable of handling 40,000 barrels of crude oil and 110 million cubic feet of natural gas a day. Murphy is the operator of the field and holds a 60% interest with partners Eni Petroleum (25%) and Callon Petroleum Company (NYSE: CPE) (15%).

Murphy Oil Corporation’s President and Chief Executive Officer, Claiborne P. Deming, said, “We are very pleased to achieve field startup at Medusa as production volumes from this field will add substantially to Murphy’s worldwide production profile.”

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