Murphy Oil Corporation has announced its entry into the Eastern Mediterranean following the award of six exploration licenses in Zone G by the Government of Israel.
Zone G spans approx. 1,700 sq kms offshore Israel and is located approx. 25 kms southwest of the Leviathan gas field. The licenses will be held 50 percent by a subsidiary of Murphy and 50 percent by Ratio Energies LP, with Murphy serving as operator.
The license awards expand Murphy's international exploration portfolio and provide a new opportunity in the Eastern Mediterranean. Murphy and Ratio Energies will now work together to further evaluate the exploration potential of Zone G.
Source: Murphy Oil Corp
