Seeking Alpha

Murphy Oil raises Q4 2013 production outlook, lowers FY 2014

  • Murphy Oil (MUR) increases its Q4 production guidance to 205K boe/day from 199M boe/day due to a further shift of the shut-in work on the Kikeh FPSO for the tie of the new Siakap North-Petai field offshore Malaysia until later this month; the revised tie-in schedule is due to weather and execution delays experienced in Q4 2013.
  • The shift in the tie-in work into 2014 along with Kikeh-related mechanical repairs is expected to reduce 2014 production to 235K-240K boe/day vs. earlier guidance of 240K-245K.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs