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Murphy Oil

Murphy Oil discovered oil at the LDT-1X exploration well on Block 15-1/05 in the Cuu Long basin offshore Vietnam. The well, drilled to TD of 14,090 ft, encountered approximately 320 ft of net oil pay in the primary objective and an additional 62 ft in a secondary objective. The discovery will be incorporated into the development of the adjacent Murphy-operated LDV field. Murphy subsidiary Murphy Cuu Long Bac Oil is the operator of block 15-1/05 with 40% working interest. Partners in the block include PetroVietnam Exploration and Production (35%) and SK Innovation (25%).


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