Deal Insight
Murphy acquires LLOG and Blackstone deepwater GoM JV for US$1.4 billion
Report summary
Murphy Oil is to acquire several deepwater Gulf of Mexico assets from LLOG Exploration for US$1.4 billion. Most of the interest in the acquired assets are owned by LLOG Bluewater, a JV between LLOG Exploration and Blackstone. The transaction is part of Murphy's aggressive plan to expand its footprint in GoM. The company acquired a majority of Petrobras's GoM portfolio last year on top of starting a robust exploration and appraisal campaign. The company becomes the 8th highest producer in GoM.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 11 images and tables including:
- Executive summary: Table 1
- Murphy's key GoM assets post-transaction
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Murphy Exploration GoM production and capex profile
- LLOG Exploration remaining reserves by Play
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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