Jul. 02 - Murphy Oil Announces Significant Oil Discovery in Deepwater Malaysia -

Source Press Release
Company Murphy Oil Corporation 
Tags Upstream Activities
Date July 30, 2002

Murphy Oil Corporation announced that its subsidiary, Murphy Sabah Oil Co., Ltd., has drilled a significant oil discovery on the Kikeh prospect located on Block K, offshore Sabah Malaysia.  

 Located in almost 4,400 feet of water, the Kikeh discovery lies in the southern part of Block K and is the first deepwater oil discovery made in Malaysia. Murphy, as operator, has an 80% interest in Block K and adjoining Block H, which combined, cover over six million acres.  Petronas Carigali Sdn Bhd, a wholly owned exploration and production arm of Petronas, holds the remaining 20% interest. 

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