Murphy Oil signs four production sharing contracts in Cameroon

US-based Murphy Oil has signed four production sharing contracts (PSCs) covering approximately 2.6 million acres offshore Cameroon.

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Murphy Oil, acting through a subsidiary, will begin with 100% working interest and will serve as operator for all four blocks.

The deals give Cameroon’s National Hydrocarbons Corporation (Société Nationale des Hydrocarbures, SNH) the option to acquire up to a 20% working interest if the projects move to development.

This story was originally published by Offshore Technology. Read the full story at Offshore Technology →