Some flooding occurred at the Company's 125,000 barrel a day refinery in Meraux, Louisiana. While repair to part of the plant's electrical equipment and instrumentation, as well as a general cleanup of the facility, will be necessary, the refinery appears to have sustained no major damage from the storm. However, no estimate can be provided regarding timing of start-up.
Claiborne P. Deming, Murphy's President and Chief Executive Officer, commented, "Foremost, we extend our sympathies to all of those impacted by Hurricane Katrina including, of course, the many Murphy employees and their families in the Greater New Orleans area. We are currently trying to locate all of our employees and assist them so they can begin to rebuild their lives. In terms of damage assessments to facilities and infrastructure, it is too early to tell when damages can be repaired, but we consider ourselves very lucky to have apparently escaped material harm. We will continue to keep you informed of the status of our operations as we obtain more information in the coming weeks."
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