Fossil Energy – Oil Discovery
Murphy Oil has made a discovery at the Longclaw #1 exploration well on Green Canyon Block 433 in the US GOM, encountering around 62 feet of net oil pay.
The well, which was drilled to a total measured depth of 25,106 ft with Transocean 12,000-ft drillship Deepwater Asgard, is undergoing further evaluation. Longclaw #1 is located near Murphy’s King’s Quay floating production system.
Longclaw #1 was spud in the first quarter of 2023 after Murphy temporarily suspended drilling the Oso #1 exploration well on Atwater Valley Block 138. The company intends to resume drilling Oso #1 in the third quarter of 2023 once necessary permits and managed pressure drilling equipment have been received.
Murphy recently spud the Chinook #7 exploration well on Walker Ridge Block 425 with Noble 12,000-ft drillship Noble Stanley LaFosse. Murphy stated that Oso and Chinook are larger opportunities for the company.