Offshore staff
EL DORADO, Arkansas -- Murphy Oil Corp. has encountered significant natural gas pay in a single exploration well with Rotan #1 offshore Sabah, Malaysia.
The Rotan #1 well, drilled in 1,150 m (3,773 ft) water depth, reached a TD of 2,141m (7,024 ft) in block H offshore Sabah, Malaysia.
"The results from Rotan #1 are very positive for this new play in block H and provide a strong beginning for us in 2007," says Claiborne P. Deming, Murphy Oil Corp. president and CEO. "This is our fourth exploration well in block H and our first discovery there. We have always believed in the potential of deepwater Sabah and have maintained a high and consistent level of exploration activity since 1999. Success in this new play demonstrates the tremendous opportunity in the area on which to build."
Murphy operates block H with 80% working interest. Petronas subsidiary Petronas Carigali Sdn. Bhd. holds the remaining 20%.
1/29/2007
