Murphy Oil Logs Gas Pay in the Deepwater Gulf of Mexico

Murphy Oil announces successful drilling results at its South Dachshund/Mondo Northwest prospect in Lloyd Ridge Blocks 1 and 2 in the deepwater Gulf of Mexico.

Murphy drilled a discovery well on Lloyd Ridge Block 2 then successfully appraised the discovery with a sidetrack having a bottom-hole location on Lloyd Ridge Block 1. The wells encountered high-quality, gas-bearing reservoirs in three Miocene sands. The sidetrack well encountered over 70 feet of true vertical thickness net natural gas pay and has been cased and suspended for future completion. The discovery is expected to be tied back to the Independence Hub to be located in Mississippi Canyon Block 920. The well was drilled by Tranocean's drillship, Deepwater Millennium.

Murphy owns a 50% interest and served as Operator for the exploratory phase. Anadarko Petroleum Corporation owns the remaining 50% interest and will operate all future development.