PORT COQUITLAM, British Columbia – July 16th, 2019 

 

Tero Consulting Ltd. has entered into an agreement with Murphy Exploration & Production Company – USA, a wholly owned subsidiary of Murphy Oil Corporation – EL DORADO, Arkansas. Tero will provide a Computerized Maintenance Management System (CMMS) servicing Murphy’s recent acquisition of 2 deepwater Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. These Gulf of Mexico assets currently produce approximately 38,000 boepd and are expected to add approximately 66 MMboe of Proven reserves and 122 MMboe of Proven and Probable reserves. The agreement will facilitate the seamless transition of maintenance practices from LLOG to Murphy by recreating in-place processes and data, as well as utilizing existing maintenance staff. Tero Consulting Ltd. has a dedicated focus on the Oil & Gas Industry, bringing 40 years of maintenance management experience to this project.

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