Murphy Completes Successful Flow Test on Kikeh #4 Well

Murphy Oil has successfully conducted an extended drill stem test on its Kikeh #4 well. The well tested a single oil zone that was flowed for 15 days up to an equipment-limited maximum rate of 10,200 barrels of oil per day. This well was previously drilled in the Kikeh Field, lying in Block K, offshore deepwater Sabah, Malaysia.

"We are extremely pleased with the results of this extended well test which was focused on just one of the multiple oil pay zones in this well. Clearly we have excellent quality reservoirs capable of flowing at very attractive rates," said Claiborne P. Deming, Murphy Oil Corporation President and CEO. "The data from this test confirms our reservoir assessment and is an important step as we move this field towards development sanction early next year," he 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%.