Murphy Oil Briefs Drilling Campaign Results Offshore Congo

Murphy Oil announced that three wells in the Republic of Congo failed to hit pay. The Cobalt Marine No. 1 and Turquoise Marine No. 3 well both failed to find commercial quantities of hydrocarbons, while its Turquoise Marine No. 4 well found deeper reservoirs with a minor accumulation of oil.

The operator plugged and abandoned all three wells. Murphy Oil’s goal with the three wells was aimed at delineating the area around the Turquoise Marine No. 1 oil discovery, and to prove its standalone volumes. The company will continue to evaluate its development options.

The Turquoise Marine-1 discovery, located in the Mer Profond Sud (MPS) Block offshore Republic of the Congo, lies in a water depth of 5,285 feet (1,611 meters). Murphy, which holds a 50% interest, operates the discovery; PA Resources holds 35%; and Societe Nationale des Petroles du Congo holds the remaining 15% interest.

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