"We are very pleased to continue our pioneering position offshore deepwater Sabah and to be granted this acreage along with our longstanding partner Carigali," said Claiborne P. Deming, Murphy Oil Corporation's President and Chief Executive Officer. "The extension of part of Block K centers around our Kikeh complex, including all our other oil discoveries, allowing us to continue our active program in exploring, appraising and developing this important area," he added. "Block P lies on trend 110 km to the northeast and is another area we have been targeting for existing, as well as new plays. We are excited about these new opportunities and continuing our long term commitment to Malaysia," he explained.
Murphy as Operator has a 60% working interest in Blocks K and P. PETRONAS Carigali, a wholly owned exploration and production arm of PETRONAS, holds the remaining 40%. Blocks K and P comprise approximately 4111 and 4246 sq km, respectively, and lie in water depths of 3,000 to 9,000 feet. The Block K extension is granted for 5 years and Block P carries a 7 year exploration term.
Most Popular Articles
From the Career Center
Jobs that may interest you