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Murphy Oil Adds New Acreage in Brunei Darussalam

Source: www.gulfoilandgas.com 12/13/2010, Location: Asia

Murphy Oil Corporation announced that its wholly owned subsidiary, Canam Brunei Oil Ltd., has entered into a Production Sharing Agreement with Brunei National Petroleum Company Sendirian Berhad (PetroleumBRUNEI) for interests in offshore Block CA-2. Murphy will hold a 30% working interest in Block CA-2. Murphy holds a 5% working interest in Block CA-1.

David M. Wood, Murphy’s President and Chief Executive Officer, commented, “We are very pleased to expand our South East Asia portfolio with entry into Brunei Darussalam and we look forward to an active exploration program.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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