Murphy Oil Signs Four Production Sharing Contracts Covering The Elombo, Etinde Exploration, Ntem, And Tilapia Blocks In Offshore Cameroon
Benzinga Newsdesk 1 hour ago
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The blocks cover approximately 2.6 million acres. Murphy, through its subsidiary, will initially hold a 100 percent working interest and serve as operator. Société Nationale des Hydrocarbures ("SNH") retains the
The blocks cover approximately 2.6 million acres. Murphy, through its subsidiary, will initially hold a 100 percent working interest and serve as operator. Société Nationale des Hydrocarbures ("SNH") retains the right to participate in any future development with up to a 20 percent working interest.
Murphy and SNH will now work together to further evaluate the exploration potential of the four blocks.