Murphy Oil (MUR) is optimistic it could finalize an offshore production sharing contract with...

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

Murphy Oil (MUR) is optimistic it could finalize an offshore production sharing contract with Equatorial Guinea by early 2013. MUR, which already produces African oil from its offshore Azurite field in the Republic of Congo, is waiting for resolution to a maritime border dispute between Cameroon and Equatorial Guinea over its Ntem field.