Murphy Oil enters Eastern Mediterranean with six exploration license awards

Zone G spans about 1,700 sq km offshore Israel, about 25 km southwest of Leviathan gas field.

Murphy Oil Corp. has entered the Eastern Mediterranean through the award of six exploration licenses in Zone G by Israel’s Energy Ministry.

Zone G spans about 1,700 sq km offshore Israel, about 25 km southwest of Leviathan gas field.

Murphy Offshore Oil Co. Ltd., a Murphy Oil subsidiary, will serve as operator of the licenses with a 50% interest. The other 50% will be held by Ratio Energies LP.

Murphy said the partners will work to further evaluate the exploration potential of the zone, but specific details were not provided.

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