Better get your story straight: Murphy Oil (MUR) says an exploration well drilled in the Browse...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Better get your story straight: Murphy Oil (MUR) says an exploration well drilled in the Browse basin off Western Australia will be plugged and abandoned after failing to find commercial amounts of gas, and expects to expense the well in Q2. Australian partner Santos (STOSF.PK) had said a few hours earlier that it considered the well a discovery. Total (TOT) holds a 50% interest in the well, Santos 30%, MUR 20%.