Murphy Oil (MUR) says a well drilled off the shore of the Republic of the Congo was unsuccessful...

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

Murphy Oil (MUR) says a well drilled off the shore of the Republic of the Congo was unsuccessful and has been plugged and abandoned; the cost of the well in the Mer Profonde North permit area totals $48M and will be expensed in Q4. MUR also says it has expanded its presence in the Browse Basin exploration area off the coast of Australia.