Murphy Oil Announces Front Runner Results

Murphy Oil Corporation announced that an exploratory well testing its deepwater "Front Runner" prospect in Green Canyon Block 338 has encountered several pay sands throughout a 1,500-foot gross interval. Once evaluation of this interval is completed, the well will be deepened to a total measured depth of 22,100 feet. Drilling to delineate and further evaluate the discovery will commence shortly thereafter. Murphy owns a 37.5% working interest in the prospect and serves as operator; partners are Dominion Exploration & Production, Inc. with 37.5%, and Spinnaker Exploration Company with 25%. The prospect lies in water depth of approximately 3,300 feet. The well was drilled by Noble Drilling's semisubmersible, Noble Amos Runner.

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