Murphy Oil has failed to encounter commercial hydrocarbons after concluding drilling at a well in Block 5 in the Salina Basin, offshore Mexico, according to Reuters.
Murphy's partners in Block 5 are Petronas and Wintershall Dea.
According to information on the Murphy Oil web site, Murphy currently holds a 40% operated working interest in Block 5 in the Salina Basin of offshore Mexico, with Petronas and Wintershall Dea each owning 30% working interest. The company drilled a successful exploration well in 2019 – Cholula 1-EXP. There are more than 30 identified prospects on the block with multiple oil discoveries in the area, leading to significant mean to upward gross resource potential of 800 million to 2 billion barrels of oil.
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Source: Reuters
