US independent Murphy Oil believes the success the company is having in the Gulf of Mexico is helping it delever its balance sheet at a faster than expected rate.

Murphy chief executive Roger Jenkins said the company achieved first oil ahead of schedule from its Khaleesi, Mormont and Samurai fields in the deep-water US Gulf of Mexico, with additional production being brought online since April.

“We have now brought online four wells in our seven-well Khaleesi-Mormont-Samurai field development, with the King’s Quay floating production system achieving 97% uptime,” he said.