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 currently holds a 5% working interest in Block CA-1.
Murphy Oil Corporation is an international oil and gas company that conducts business through various operating subsidiaries. The Company produces oil and natural gas in the United States, Canada, the United Kingdom and Malaysia and conducts exploration activities worldwide. The Company owns refining and marketing operations in the United States and the United Kingdom.
Source: Murphy Oil ,December 14, 2010;