Aug. 02 - Murphy Oil Announces Discovery At Quatrain In The Deepwater Gulf of Mexico

Source Press Release
Company Murphy Oil Corporation 
Tags Upstream Activities
Date August 20, 2002

Murphy Oil Corporation announced successful drilling results at its Quatrain prospect in Green Canyon Block 382 located to the southwest of the Front Runner development area. Murphy is operator of the discovery and owns 37.5% with partners Dominion Exploration & Production, Inc. (37.5%), a subsidiary of Dominion (NYSE:D), and Spinnaker Exploration Company (NYSE:SKE, 25%). The discovery well, drilled to a measured depth of 25,939 feet, encountered in excess of 130 net feet of hydrocarbons. Preliminary reserve estimates for Quatrain are in the range of 25-30 million barrels of oil equivalent and the well will be cased as a producer to tie into the spar facility currently being constructed for the Front Runner Project (MUR, 37.5%; D, 37.5%; SKE, 25%). First production at Front Runner is expected in the first half of 2004.  

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