CAM Pipeline Oil Leak.Business Editors EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. , Ark.--(BUSINESS WIRE)--April 8, 2002 Murphy Oil Murphy Oil Corporation NYSE: MUR is a petroleum corporation. It is a S&P 500 company. In 2007, it was ranked as the 169th largest company in America on the Fortune 500. The current President & CEO is Claiborne Deming. USA, Inc. (Murphy), a wholly-owned subsidiary of Murphy Oil Corporation (NYSE NYSE See: New York Stock Exchange :MUR Mur (m  r), Hung., Slovenian, and Croatian Mura (m `rä), river, c. ), confirmed today that damage to a pipeline
Saturday morning, in which the Company owns a minority interest,
resulted in approximately 1,800 barrels of crude oil leaking into Little
Lake, an area about five miles northeast of Clovelly, Louisiana.
Murphy owns 29.4% of the CAM (Clovelly-Alliance-Meraux) Pipeline. A subsidiary of British Petroleum (BP) operates the pipeline and owns 70.6%. BP, as the operator and responsible party, is conducting the clean-up and remediation of the impacted area. Murphy remains in contact with BP and has made its resources available for their use, if needed. "We trust that BP and the authorities involved are doing everything possible to minimize the effects of the unfortunate accident and identify the cause of the leak," said Murphy spokesperson Fred Green
Fred Warren Green (October 19 1871 - November 30 1936 was mayor of Ionia, Michigan before he served as a Republican Governor of Michigan from 1927 to 1931. , Senior Vice President Supply and Engineering. Murphy does not expect this event to impact the operation of its Meraux, Louisiana refinery if BP's repair efforts remain on schedule. |
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