Murphy Oil Corporation announced that its wholly owned subsidiary, Murco Petroleum Limited, was unable to complete the sale of the Milford Haven refinery and terminal assets to Klesch Refining Limited by the October 31, 2014 deadline.

The refinery is currently in a period of shut-down, and will be decommissioned and operated solely as a petroleum storage and distribution terminal. The Company will seek a buyer for the terminal facility along with three inland terminals. The sale of the Company's retail assets is unaffected by the inability to sell the refinery.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent exploration and production company with a strong portfolio of global offshore and onshore assets delivering oil-weighted growth.
Murphy produces oil and/or natural gas in the United States, Canada, and Malaysia and conducts exploration activities worldwide.
Headquartered in El Dorado, Arkansas, Murphy has over 1,500 employees around the world.

See the site of Milford Haven refinery