Murphy Oil begins production at Malaysia field


Then from the Business Insider:

EL DORADO, Ark. (AP) — Murphy Oil Corp., an independent petroleum producer, refiner and marketer, said Friday it started production at its natural gas field offshore Sarawak, Malaysia.

Murphy Sarawak Oil Co. Ltd. operates the development and has an 85 percent working interest in the fields with Petronas Carigali Sdn. Bhd. holding the other 15 percent.

Shares fell 52 cents to $60.45 during in late afternoon trading.

Reuters has a report as well. Synergyis proud to have supported early production of these fields (SK309 and SK311). I have no idea why the shares fell, though. Must be due to the drop of crude prices.

This entry was posted on Saturday, September 19th, 2009 at 8:11 am and is filed under engineering. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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