Oil & Gas Companies: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Murphy Terminates Production Sharing Contracts

Source: www.gulfoilandgas.com 4/21/2010, Location: Asia

Share |

Murphy Oil Corporation announced that it has been informed by PETRONAS that following the execution of the Exchange of Letters between Malaysia and the Sultanate of Brunei on March 16, 2009, the offshore exploration areas designated as Block L and Block M are no longer a part of Malaysia.

As a consequence, the production sharing contracts covering Blocks L and M, awarded in 2003 to PETRONAS Carigali Sdn Bhd and Murphy, were formally terminated by letter dated April 7, 2010. Murphy’s potential participation in replacement production sharing contracts covering these areas is under discussion.

Oil & Gas Companies News in Malaysia >>

China Oil Demand in July 2014
China >>  7/24/2014 - Chinese oil demand indicators have been rather mixed as some products showed strength, such as gasoline and LPG, while other products showed some weak...
Japan Stock Movements in July 2014
Japan >>  7/22/2014 - In Japan, total commercial oil stocks rose by 8.5 mb in May, following a build last month, to stand at 159.2 mb. Despite this build, Japanese oil inve...

Russia Economy in July 2014
Russia >>  7/20/2014 - The country’s GDP posted growth of -0.5% q-o-q in 1Q14, while the yearly comparison showed growth of 0.9%. Retail sales in May grew by 2.1% y-o-y, the...
India Oil Trade in July 2014
India >>  7/16/2014 - India’s May crude imports declined by 493 tb/d or 12% from the previous month to average 3.5 mb/d. Annually crude imports showed a drop of 522 tb/d or...

Teekay Awarded $2.1b Contracts for 6 LNG Carrier for Yamal
Russia >>  7/9/2014 - Teekay LNG Partners L.P, through a new 50/50 joint venture with China LNG Shipping Limited, has finalized shipbuilding contracts for six international...
Baku Higher Oil School Establishes Cooperation with Emerson
Azerbaijan >>  7/8/2014 - Joint educational program for future oil industry staff will allow meeting business demand for skilled specialists and current industrial requirements...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Malaysia Oil & Gas 1 >>  2 | 3 |


More News

Oil & Gas Companies in Malaysia >>

Related Links

Countries Quick Links

AZ BD BN CN GE HK ID IN IR JP KG KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us