Apr. 03. - Murphy Oil Announces Sale of Various Canadian Properties

Source Press Release
Company Murphy Oil Corporation 
Tags Upstream Activities
Date April 14, 2003

Murphy Oil Corporation announced that its Canadian subsidiary, Murphy Oil Company Ltd., has agreed to sell its interests in various Canadian oil and natural gas properties for consideration of $35 million. During the full year of 2002, Murphy’s net daily production after royalty from these properties combined was around 1,500 barrels of oil equivalent a day and reserves recorded at year end 2002 were 4.7 million barrels. The effective date of the transaction is March 1, 2003, with closing expected in June, 2003.

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