Murphy said it now operates Urca, located in Mississippi Canyon Block 697, with a 35% interest. It previously held a 50% stake, with Brazil’s Petrobras owning the other half. Murphy said the new partner was “a partner that we’ve worked with internationally”.
Murphy cuts Urca stake
US INDEPENDENT Murphy Oil has farmed down a 15% stake in the Urca wildcat in the deep-water Gulf of Mexico.
6 February 2015 0:00 GMT
Updated
6 February 2015 0:00 GMT