1 min read
Add as a preferred source on Google

Murphy Oil Enters Eastern Mediterranean Through Six Israeli Licenses

A Murphy subsidiary and Ratio Energies LP hold equal interests in the Zone G licenses, with Murphy serving as operator.

Morning sunlight stretches across open Mediterranean waters off Israel. / TokenPost.ai
Morning sunlight stretches across open Mediterranean waters off Israel. / TokenPost.ai

Murphy Oil Corporation entered Eastern Mediterranean exploration through Israel’s award of six offshore licenses in Zone G, giving the company a new area for exploration.

A Murphy subsidiary and Ratio Energies LP hold equal interests in the licenses. Murphy is the operator.

The Israeli award follows Murphy’s production-sharing contracts for two offshore blocks in Mauritania on Nov. 3. Those contracts cover the C10 and Tiof blocks and are separate from the Zone G licenses.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…