Murphy Oil Signs Offshore Production Sharing Contracts in Cameroon

Impact · against what's priced in

Murphy Oil has expanded its exploration inventory through four new production sharing contracts in Cameroon. This provides a long-term growth catalyst and operational control, though it will likely increase exploration CAPEX in the coming years.

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In context

Signing four production sharing contracts for 2.6 million acres offshore Cameroon expands the company's exploration inventory and long-term growth prospects, with Murphy initially holding 100% working interest as operator.

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• offshore▲400%
• oil
• energy
• MUR
• cameroon
• exploration
• hydrocarbons

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