LNG

May 3 (LNGJ) - Murphy Oil, the US energy company based in Arkansas and with US and international operations, said in its first-quarter earnings that its floating LNG joint venture offshore Malaysia was still on track for first production in 2020. Murphy is investing in the FLNG venture with Malaysian state energy company Petronas, which successfully started up the world’s first production hull, the “PFLNG Satu”. That vessel is deployed over the stranded Kanowit gas field offshore Sarawak. The US company is involved in a second Malaysian FLNG venture for the deepwater Rotan gas field, about 80 miles offshore of Sabah, the Malaysian state occupying the northern part of the island of Borneo. The Rotan gas well was discovered by Murphy in 2007 in the Block H licence in Malaysian waters of the South China Sea. The FLNG vessel will be designed to produce 1.5 million tonnes per annum.