Company Report

Murphy oil and gas exploration summary

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Murphy has repositioned itself for future growth through exploration and demonstrated an increased appetite for risk since 2017. It has been focusing activity on its two recent country entries, Mexico and Brazil. Murphy is leveraging its in-house technical expertise to capture the most attractive exploration opportunities in basins with high upside potential. While exercising capital restraint, it will continue to leverage its exploration and technical capabilities.

Table of contents

  • Exploration strategy
  • Exploration results
  • Current portfolio and exploration outlook
  • Production and potential cost of production
    • Company-making Malaysia assets sold but Brunei remains
    • Gulf of Mexico: Mid-late Miocene focus

Tables and charts

This report includes 17 images and tables including:

  • Murphy's current acreage - top countries (top 5 show '000 km2)
  • Net exploration and appraisal wells by country
  • Exploration & appraisal spend and reinvestment
  • Exploration success rates
  • Largest 10 conventional discoveries (net, 2013 to 2022)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries as a proportion of all future production
  • Discovery, development and operating costs for commercial and viable resources
  • Full-cycle economics
  • Top conventional discoveries by development value (2013-2022)
  • Conventional value and spend by country
  • Exploration returns by water depth
  • Conventional value creation
  • Exploration returns by year

What's included

This report contains:

  • Document

    Murphy oil and gas exploration summary

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    Murphy oil and gas exploration summary

    ZIP 1.23 MB