Murphy Oil Acquires Interest in Block SK 2C

Source Press Release
Company Murphy Oil Corporation 
Tags Asset Deals, Deals, Upstream Activities
Date February 27, 2015

In February 2015, the Company acquired a 50% interest in the offshore Block SK 2C. The Company operates the block, which includes 1.08 million gross acres. The concession carries one well commitment during the one-year exploration period. At the expiration of the first exploration period, the Company can opt to extend for two additional years by agreeing to drill another well.

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