OTC: Murphy group eyes appraisal of strike off Mexico

Murphy Oil Corp. and partners are considering the drilling of an appraisal well of their Cholula discovery in deep water offshore Mexico as well as two exploration wells on the same Salina basin block next year.

May 7th, 2019

Murphy Oil Corp. and partners are considering the drilling of an appraisal well of their Cholula discovery in deep water offshore Mexico as well as two exploration wells on the same Salina basin block next year.

Gabriel Gomez, Murphy’s Mexico country manager, reported the as yet-unapproved plans during a session May 7 at the Offshore Technology Conference in Houston.

Gomez said the Cholula 1EXP well, drilled to 8,825 ft TD in 2,300 ft of water in the southeast corner of Block 5, encountered 185 ft of net Upper Miocene hydrocarbon pay.

Interpretation of wide-azimuth seismic data has identified 34 leads and prospects on the block, which the group acquired in Mexico's 2016 deepwater licensing round.

A Murphy subsidiary is operator of Block 5 with a 30% interest. Petronas holds a 23.34% interest, and Wintershall DEA and Ophir Energy hold 23.33% interests each.

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