Deal Insight
Murphy acquires LLOG and Blackstone deepwater GoM JV for US$1.4 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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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