Feb. 01 - Murphy Announces Results from Moccassin Prospect.

Source Press Release
Company Murphy Oil Corporation 
Tags Upstream Activities, Strategy - Upstream
Date February 20, 2001

Murphy Oil Corporation announced that a well drilled at its deepwater Moccasin prospect in the Gulf of Mexico at Garden Banks Block 297 (37.5%) was unsuccessful. The well was drilled to a total measured depth of 20,447 feet. Pretax dry hole charges related to the well of approximately $15 million will be recognized in the first quarter of 2001. Shell Deepwater Development Inc., a subsidiary of Royal Dutch/Shell Group owns a 50% working interest and operated the well; the remaining 12.5% working interest is held by  Callon Petroleum Company.

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