Murphy revamps deep-water strategy

US independent Murphy Oil has revamped its deep-water exploration strategy to focus on lower-risk drilling after announcing another dry hole in the US Gulf of Mexico.

Change of plans: Murphy to 'pause' wildcatting in US Gulf and focus on projects near existing infrastructure, like Thunder Hawk
Change of plans: Murphy to 'pause' wildcatting in US Gulf and focus on projects near existing infrastructure, like Thunder Hawk
Published 30 July 2015, 18:43Updated 17 October 2016, 12:55