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Murphy Oil Corporation Announces Strategic Acquisition of Floating Production Storage and Offloading Vessel in Gulf of America

1. Murphy Oil agrees to buy BW Pioneer FPSO for $125 million. 2. Initial $100 million payment due by Q1 2025, impacting cash flow.

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FAQ

Why Bullish?

The FPSO acquisition may enhance production capacity and future revenues, similar to past acquisitions boosting MUR's profitability.

How important is it?

The acquisition is strategic for growth, influencing market perception and financial outlook positively.

Why Long Term?

Cash flow implications due to Q1 2025 payment and potential revenue generation impact MUR's valuation over time.

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OXYXOMCOP
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. The gross purchase price is $125 million, subject to customary closing adjustments, and includes an initial approximate $100 million payment upon delivery by the end of first quarter 2025. The remaining balance will be due when certain contractual obligations ar.

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