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SES - Murphy Oil to acquire deepwater GOM assets from LLOG - April 2019

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Murphy Oil entered an agreement to acquire oil-weight deepwater assets in the Gulf of Mexico from LLOG Exploration Offshore and LLOG Bluewater Holdings (a JV with Blackstone) for $1.375 billion plus up to $250 million in contingent payments. The effective date is Jan. 1, 2019, and the deal is expected to close in Q2. The assets will be held outside of Murphy’s JV with Petrobras. The assets cover 26 blocks in the Mississippi Canyon and Green Canyon areas, with seven producing......
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