Murphy Oil Corporation has announced the execution of two production sharing contracts covering the C-10 and Tiof blocks offshore Mauritania.
The blocks cover approximately 3.1 million acres. Murphy, through its subsidiaries, will hold a 90 percent working interest and serve as operator, with Société Mauritanienne des Hydrocarbures (SMH) holding the remaining 10 percent carried working interest.
Murphy and SMH will now work together to further evaluate the exploration potential of the two blocks.
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