Murphy Oil Corp was originally incorporated in Louisiana in 1950 as Murphy Corporation. It was reincorporated in Delaware in 1964. It is an oil and gas exploration and production company, with refining and marketing operations in the United Kingdom that are held for sale. The Company is in the process of transitioning from an integrated oil company to an enterprise entirely focused on oil and gas exploration and production activities. The Company's exploration and production activities are subdivided into five geographic segments, including the United States, Canada, Malaysia, the Republic of the Congo and all other countries. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids worldwide. The Company's exploration and production management team in Houston, Texas, directs the Company's worldwide exploration and production activities. In the United States, the Company primarily has production of oil and/or natural gas from fields in the Eagle Ford Shale area of South Texas and in the deepwater Gulf of Mexico. In Canada, the Company owns an interest in three significant non-operated assets - the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne d'Arc Basin and Syncrude Canada Ltd. in northern Alberta. In addition, the Company owns interests in one heavy oil area and two significant natural gas areas in the Western Canadian Sedimentary Basin. In Malaysia, the Company has majority interests in seven separate production sharing contracts (PSCs). The Company serves as the operator of all these areas other than the unitized Kakap-Gumusut field. The Company holds six exploration permits in Australia and serves as operator of four of them. The Company has interests in four exploration licenses in Indonesia and serves as operator of all these concessions. The Company's businesses are subject to various U.S. federal, state and local environmental, health and safety laws and regulations, and are also subject to similar laws and regulations in other countries in which it operates.