Murphy Oil

The pandemic has been an unexpected jolt for the global economy, bringing many industries to a halt. Murphy has taken a step forward into a digital future by designing and implementing a COVID-19 tracking app that is easy to use, quick, and convenient.

Murphy Oil worked across its assets to create a tool called the Global Downtime Report (GDR). The GDR provides a global perspective of operational downtime data, focusing on nonproductive time related to drilling, completion, and production operations.

Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022.

With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.

Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.

The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.

In 2018, Murphy Oil launched an initiative to open-source all internal live streaming data to its engineers. The process led it to implement a global data historian and a corresponding visualization tool. The insights provided are shaping the future of operations at the company.

Anchored by the Khaleesi-Mormont and Samurai fields, the King’s Quay FPS will receive and process up to 80,000 B/D of crude oil.

The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business. The company has been rapidly expanding its US gulf footprint while simplifying its portfolio and targeting more oil.

Behavior-based safety is not a new concept nor is it new at Murphy Oil. But when Murphy launched its Safety Observation Program as a digital tool, it revitalized the way the culture of safety spread throughout the company.