A joint venture between Murphy Oil, Mitsui Oil Exploration and Petronas Carigali has been awarded a new offshore exploration block in Malaysia.
Mitsui said a production sharing contract for Block SK405B was signed on 1 November, with Murphy Oil holding a 59.5% operating interest, Mitsui with 25.5% and Petronas Carigali on 15%.
Murphy has a long-established upstream business in Malaysia, as does Petronas Carigali, but Mitsui said it was its first project in Malaysia.
