Murphy Oil Corp was originally incorporated in Louisiana in 1950 as Murphy Corporation. It was reincorporated in Delaware in 1964. It is an oil and gas exploration and production company. The Company is in the process of transitioning from an integrated oil company to an enterprise entirely focused on oil and gas exploration and production activities. The Company's exploration and production activities are subdivided into five geographic segments, including the United States, Canada, Malaysia, the Republic of the Congo and all other countries. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids. The Company's exploration and production management team in Houston, Texas, directs the Company's exploration and production activities. In the United States, the Company has production of oil and/or natural gas from fields in the Eagle Ford Shale area of South Texas and in the deepwater Gulf of Mexico. In Canada, the Company owns an interest in three non-operated assets - the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne d'Arc Basin and Syncrude Canada Ltd. in northern Alberta. In addition, the Company owns interests in one heavy oil area and two natural gas areas in the Western Canadian Sedimentary Basin. In Malaysia, the Company has majority interests in eight separate production sharing contracts (PSCs). The Company serves as the operator of all these areas other than the unitized Kakap-Gumusut field. In Australia, the Company holds eight offshore exploration permits and serves as operator of six of them. The Company currently has interests in two exploration licenses in Indonesia and serves as operator of these concessions.
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