Murphy Oil reports oil, gas find in deepwater Kakap wildcat off Malaysia

Murphy Oil Corp., El Dorado, Ark., reported what it called a "significant oil and natural gas pay" in multiple reservoirs from its Kakap #1 deepwater exploration well on Block K off Sabah, Malaysia. Kakap #1 was drilled in 3,037 ft of water.

June 10, 2004

By OGJ editors

HOUSTON, June 10 -- Murphy Oil Corp., El Dorado, Ark., reported what it called a "significant oil and natural gas pay" in multiple reservoirs from its Kakap #1 deepwater exploration well on Block K off Sabah, Malaysia. Kakap #1 was drilled in 3,037 ft of water.

Operator Murphy Oil "sidetracked the discovery well and recovered full cores in each of the main reservoirs" said Pres. and CEO Claiborne P. Deming.

Murphy holds an 80% working interest in Block K, which covers more than 4 million acres. Petronas Carigali Sdn. Bhd., the exploration and production arm of Malaysia's state-owned Petronas, holds the remaining 20%.