Gulf Oil and Gas accountACCOUNT

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 >>

Russia >>  2/8/2017 - GDP in Russia contracted by 0.4% y-o-y in 3Q16, the slowest pace since the onset of economic deceleration in 1Q15. Household consumption showed a slow...
Russia >>  2/7/2017 - The technology company The Linde Group has recently been selected by Gazprom and Project EPC contractor SRDI Oil & Gas Peton as the licenser for a mid...

Indonesia >>  2/1/2017 - Honeywell (HON) announced that PT Pertamina (Persero) will use Honeywell UOP technology to produce high-octane gasoline blending components and jet fu...
Singapore >>  1/31/2017 - The Asian market continued to be relatively healthy during December on the back of firm regional demand. However, pressure coming from the supply side...

Russia >>  12/8/2016 - Glencore notes the announcement released by the Russian government regarding the privatization of shares in Rosneft. ...

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 | 4 |

More News

 

Oil & Gas Companies in Malaysia >>


Related Links

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