"We have been very pleased with our success in finding important natural gas resources across multiple fields on our acreage offshore Sarawak," said Claiborne P. Deming, Murphy Oil Corporation's President and Chief Executive Officer. "The signing of this agreement marks a very important milestone and is a natural precursor to the conclusion of our Gas Sales Agreement (GSA) and Field Development Plans in the very near future. Our development will include the building of a new onshore receiving facility connected to the existing LNG Complex as well as the sequential development of a number of natural gas fields tied to satisfying this GSA," he further explained.
Murphy as operator has an 85% working interest in SK 309 and SK 311. PETRONAS Carigali Sdn. Bhd. holds the remaining interest.
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