Murphy Oil discovers oil in Cuu Long basin

• Murphy Oil discovered oil at the Lac Da Hong-1X (Pink Camel) exploration well in Block 15-1/05 in Cuu Long basin.

• The well flowed 2,500 bo/d.

Murphy Oil Corp. discovered oil at the Lac Da Hong-1X (Pink Camel) exploration well in Block 15-1/05 in Cuu Long basin 34 miles offshore Vietnam and 3 miles southwest of Murphy’s Lac Da Vang (Golden Camel) development.

The well was drilled in 151 ft of water to 13,616-ft TD and encountered 106 ft of net oil pay from one reservoir. Maximum tested flow rate was 2,500 bo/d, and additional testing showed high-quality oil with 38° API gravity.

Murphy’s subsidiary, Murphy Cuu Long Bac Oil Co. Ltd., is operator of Block 15-1/05 (40%) with partners PetroVietnam Exploration Production Corp. Ltd. (35%) and SK Earthon Co. Ltd. (25%).