Dec 03 - Murphy Oil Announces Intent To Sell Certain Western Canadian Properties

Source Press Release
Company Murphy Oil Corporation 
Tags Strategy - Upstream
Date December 08, 2003

Murphy Oil Corporation announced the intention to sell its interest in various conventional oil and gas properties in western Canada. The interests are held via a wholly owned subsidiary Murphy Oil Company, Ltd. The sale is expected to include proved reserves of approximately 40 million barrels of oil equivalent from heavy oil, light oil and natural gas properties which currently produce 20,000 barrels a day on an oil equivalent basis. Murphy anticipates completing the sale by the end of the second quarter of 2004 and has retained professional advisors to assist in the process.

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