One-Page Deal Sheet
Murphy Oil Sells 50% Stake in GOM FPS Project to ArcLight
Arclight Capital Partners Llc Murphy Oil Corp
Announced Date
March 18,2021
Close Date
March 18,2021
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Murphy Oil Corp. has sold its entire 50% stake in the King's Quay floating production system (King's Quay FPS) and associated pipelines to a fund managed by ArcLight Capital Partners.
The purchase price is approximately $270 million.
The project is located in the Gulf of Mexico. The King's Quay FPS and Associated Laterals will be co-owned in a joint venture with entities managed by Ridgewood Energy Corp., including ILX Holdings III, LLC.
The King's Quay FPS is more than 90 percent built and is scheduled to go into service in mid-2022. King's Quay FPS is designed to process 80 thousand barrels…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-28-2016 |
-  |
- |
Click here | Mississippi | Midstream |
| Jul-11-2016 |
- |
- |
Click here | Texas | Midstream |
| Feb-03-2016 |
- |
- |
Click here | Louisiana | Midstream |
| Jul-01-2015 |
- |
- |
Click here | Texas | Midstream |