Record Shareholder Returns
Murphy returned $147 million to shareholders in Q1 2025 through $100 million in share repurchases and $47 million in dividends.
Significant Oil Discoveries in Vietnam
Drilled an oil discovery at the Lok Da Hong 1X Pink Camel exploration well, encountering 106 feet of net oil pay. Estimated resource potential of 30 to 60 million barrels of oil equivalent.
Operational Safety Milestone
Achieved 1,000,000 work hours with no lost time injuries during platform construction for the Lok Da Vong field development project.
Tupper Montney Production Success
Drilled the two longest lateral wells in company history and achieved a 30% increase in initial production rates with new completion style.
Acquisition of FPSO
Purchased the Pioneer floating production storage and offloading vessel in the Gulf of Mexico for $104 million, expected to reduce annual net operating expenses by approximately $50 million.