Sep 05 - Murphy Oil Announces Status of Deepwater Production Facilities and Meraux Refinery Following Hurricane Katrina

Source Press Release
Company Murphy Oil Corporation 
Tags Upstream Activities
Date September 01, 2005

Arkansas, September 1, 2005 - Murphy Oil Corporation announced today based on preliminary inspections, only minimal damage has been sustained as a result of Hurricane Katrina to the Company’s operated producing facilities at Front Runner (37.5%) and Medusa (60%) in the Gulf of Mexico. The Front Runner field is located in 3,500 feet of water on Green Canyon Blocks 338 and 339, approximately 135 miles south-southeast of Houma, Louisiana. The Medusa facility is located in 2,200 feet of water on Mississippi Canyon Blocks 538 and 582 approximately 70 miles south of New Orleans. No assessment has been made regarding pipelines nor can any estimated timeline be given at this time for restarting either facility or any of the company’s other offshore Louisiana production.

Some flooding occurred at the Company’s 125,000 barrel a day refinery in Meraux, Louisiana. While repair to part of the plant’s electrical equipment and instrumentation, as well as a general cleanup of the facility, will be necessary, the refinery appears to have sustained no major damage from the storm. However, no estimate can be provided regarding timing of start-up.

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