June 01 - Murphy Oil Corporation announce major discovery in Gulf of Mexico

Source The Company
Company Murphy Oil Corporation 
Tags Upstream Activities, Strategy - Upstream
Date June 14, 2001

Murphy Oil Corporation announced successful drilling results on its Front Runner South prospect in Green Canyon Block 339. The discovery well was drilled to a total depth of 21,359 feet (20,072 feet total vertical depth) and encountered over 400 net feet of hydrocarbons in two zones. The reserve estimate is now expected to exceed the pre-drill projection of 40-60 million barrels of oil equivalent. Several appraisal options for Front Runner South are being evaluated at this time.  

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