Murphy Oil Logs Deepwater Oil Pay with Azurite Marine #2

Murphy Oil reports that its Azurite Marine #2 (85%) appraisal well drilled in the Mer Profonde Sud (MPS) block in 4,488 feet of water offshore The Republic of Congo successfully appraised the Azurite Marine oil discovery announced earlier this year. A subsequent flow test produced almost 8,000 barrels of oil per day from a single zone.

"The Azurite Marine #2 well, sidetrack, and subsequent flow test, confirmed the oil discovery we made earlier this year. We are very pleased with the well results and the strong flow test conducted in a single zone," said Claiborne P. Deming, Murphy Oil Corporation President and Chief Executive Officer. "Reservoir quality is excellent and we have now confirmed oil in the main compartments of this structure," he added.

"The Pride South Pacific will now move to drill a new prospect, the Malachite #1 well, in the same area of MPS. A subsequent well on the Beryl prospect in MPS is planned. Once we conclude this drilling campaign, we will be in a position to determine the development options and timeline for the Azurite area of the block," he concluded.

Murphy as operator, has an 85% working interest in MPS, which covers over 800,000 acres. The Congolese national oil company, Societe Nationale Petroles du Congo, holds the remaining 15%.

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