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Murphy Oil Adds New Acreage in Brunei Darussalam

Tuesday, Dec 14, 2010

Murphy Oil Corporation (NYSE: MUR) announced today 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 currently holds a 5% working interest in Block CA-1.

“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.”

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.”

 

Source: Business Wire

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