Murphy Oil signs production sharing contracts for blocks offshore Cameroon

Murphy Oil will initially hold a 100% working interest and serve as operator.

Murphy Oil Corp. has signed four production sharing contracts covering the Elombo, Etinde Exploration, Ntem, and Tilapia blocks offshore Cameroon, which cover about 2.6 million acres.

Through a subsidiary, Murphy Oil will initially hold a 100% working interest and serve as operator. Société Nationale des Hydrocarbures (SNH) retains the right to participate in any future development with up to a 20% working interest.

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