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Murphy Oil Cuts Eagle Ford Capex 17% for 2021, D&C Plans; Talks Q4 Results
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Murphy Oil Corp. reported its Q4 and full year 2020 results.
The company also detailed its 2021 capital plan.
2021 Capital Plan- Capex: $675 to $725 million - this is flat vs. 2020 spending of $700 million
Exploration: $75 million is allocated to the 2021 exploration program in the Gulf of Mexico, offshore Mexico and Brazil, with the majority of spending allocated to drilling. Other: $30 million Capital by AreaGOM: $325 million
These projects include activities related to the previously sanctioned Khaleesi / Mormont and Samurai developments, and the St. Malo waterflood project. The non-operated Kodiak #3 well (Mississippi Canyon 727), Lucius #9 well (Keathley Canyon 919), Lucius #3 well (Keathley Canyon 918) are scheduled to be complete and placed online in the first half of 2021.- ✓ Full news archive — U.S., Canada & international coverage
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