Jan 06 - Murphy Oil Announces Acreage Position Offshore Deepwater Sabah Malaysia

Source Press Release
Company National Fuel GasMurphy Oil Corporation 
Tags Upstream Activities
Date January 23, 2006

Murphy Oil Corporation announced today that it has been granted an extension in the exploration term of a portion of Block K and an award of a new deepwater Block P. Murphy will have a 60% interest in both blocks. The remaining interest will be held by  PETRONAS Carigali. The Block K extension and the new Block P have been created from part of the acreage originally awarded to Murphy and partner  PETRONAS Carigali in 1999 and known as Block K which had come to the end of its seven year exploration period. All oil fields discovered during the first exploration term will remain at the original Block K working interest.

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