Murphy Oil Corp., El Dorado, Ark., signed a production sharing agreement with Brunei National Petroleum Co. Sdn. Bhd. for a 30% working interest in Block CA-2 off Brunei.
Murphy Oil said it looks forward to an active exploration program.
Murphy already holds a 5% working interest in Total SA-operated Block CA-1, in which BHP Billiton, Hess Corp., and Malaysia’s Petronas also participate.
The blocks, formerly called L and M, were awarded by Malaysia before it determined that they overlapped Brunei territory (OGJ Online, June 9, 2010).