Murphy Makes New Discovery in Deepwater Malaysia

Murphy Oil has discovered oil in multiple zones at the Senangin #1 exploration well. Drilled in 4,695 feet of water in Block K, offshore deepwater Sabah, the well reached a total measured depth of 15,962 feet. The well was drilled by Diamond Offshore's semisub, Ocean Rover.

"This latest oil discovery in deepwater Sabah further extends the proven play fairway and is an important new addition to our list of discoveries in Malaysia," said Claiborne P. Deming, Murphy Oil Corporation President and Chief Executive Officer. "The Senangin structure is 14 kilometers outboard of our Kikeh field on a completely new trend. The oil we found is the same quality as that at Kikeh and while contained in thinner reservoirs, could extend over a larger area. Although it is simply too early to size this discovery, we are keen to return with an appraisal program which we will fit into our ongoing exploration plans," he added.

"We will now drill an exploration well on the Todak prospect located further north in Block K, as we continue to maintain an active drilling program across each of the main oil provinces in Malaysia," he further added.

Murphy as operator, has an 80% working interest in Block K, which covers over four million acres. PETRONAS Carigali Sdn. Bhd., a wholly owned exploration and production arm of PETRONAS, holds the remaining 20%.