Murphy Oil Corp. has agreed to acquire from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC–a joint venture between LLOG Exploration and Blackstone– assets in 26 Gulf of Mexico blocks containing seven producing fields and four development projects with future start-ups in the Mississippi Canyon and Green Canyon areas for $1.625 billion consisting of a cash payment of $1.375 billion plus $250 million in contingent payments.
Source: News