Murphy to buy Shell interests in Alberta

Murphy Oil Corp. has agreed to buy Shell Canada Energy’s interests in the Seal Lake area of northern Alberta, where wholly owned subsidiary Murphy Oil Co. Ltd. already holds producing interests and is testing polymer flooding and steam stimulation.

The agreement covers 148,531 net acres, 2,200 boe/d of production, plant and equipment, and proved and probable reserves of 14 million boe.

When completed, the deal will make Murphy operator of the Shell interests and raise its holdings in the area to more than 331,000 net acres and production to more than 9,000 boe/d.

Murphy said a pilot polymer flood on its existing Seal Lake acreage was successful. It has received government approval for the first phase of a commercial polymer project.

It also has received approval for a single cyclic steam pilot project and plans a vertical steam pilot next year.

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected