Murphy Oil Corporation · NYSE:MUR
Murphy Oil — Merger or Acquisition (October 2018)
8 slides from Murphy Oil's merger presentation, Oct 11, 2018
Slide 1: Murphy Announces Strategic Deep Water, Oil-Weighted Gulf of Mexico Joint Venture
ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER MURPHY ANNOUNCES STRATEGIC DEEP WATER, OIL-WEIGHTED GULF OF MEXICO JOINT VENTURE October 11 , 2018 Murphy Oil Corporation 1
Slide 2: Cautionary Statement & Investor Relations Contacts
Cautionary Statement & Investor Relations Contacts Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission (SEC) requires oil and natural gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or
Slide 3: Transaction Overview
Transaction Overview New Gulf of Mexico Joint Venture Company •Producing Assets from Murphy Exploration & Production Company –USA (Murphy) & Petrobras America Inc. (PAI) •Excludes Exploration Blocks, Except for PAI’s Blocks with Deep Exploration Rights •Ownership –Murphy 80%, PAI 20%, Murphy Operate
Slide 4: Executing on Our Strategy
Executing on Our Strategy . Develop DIFFERENTIATED PERSPECTIVES In Underexplored Basins & Plays Growing Offshore Portfolio at Bottom of Cycle Continue to be a PREFERRED PARTNERto NOCs & Regional Independents .PETROBRAS & Murphy to Enter Long-Term Partnership .PETROBRAS Retaining Partial Ownership of
Slide 5: Increasing Oil-Weighting of Production & Reserves
Increasing Oil-Weighting of Production & Reserves •Adds ~41 MBOEPD, Increasing Murphy’s Production in Gulf of Mexico to ~60 MBOEPD •Increases Corporate Oil-Weighted Production by 9 Percentage Points, to 61% Oil •Adds 58 MMBO of Estimated Proved Reserves, Increasing Oil Reserves by 18% •Increases Est
Slide 6: Revitalizing Post-Transaction Position
Revitalizing Gulf of Mexico Post-Transaction Position Asset Operator Murphy WI (80% WI in JV) Cascade Murphy 80% Chinook Murphy 52.8% Clipper Murphy 80% Dalmatian Murphy 56% Front Runner Murphy 50% Habanero Shell 27% Kodiak Deep Gulf* 23.2% Lucius/N. Hadrian Anadarko 9.2% Medusa Murphy 48% St. Malo
Slide 7: Creating Long-Term Value
Creating Long-Term Value Creates Long-Term Partnership with Global Deep Water Leader Strengthens Portfolio with Quality Assets & Top-Tier Operators Increases Oil-Weighting of Production & Reserves Advantaged Gulf Coast-Priced Production with Low Operating Costs Generates Immediate Free Cash Flow Pro
Slide 8: Murphy Announces Strategic Deep Water, Oil-Weighted Gulf of Mexico Joint Venture
MURPHY ANNOUNCES STRATEGIC DEEP WATER, OIL-WEIGHTED GULF OF MEXICO JOINT VENTURE October 11 , 2018 ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER 8