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Stock impact report

Murphy Oil (MUR) Gains Following Significant Oil Discovery Offshore Vietnam [Yahoo! Finance]

Murphy Oil Corporation (MUR) 
Last murphy oil corporation earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.murphyoilcorp.com
Company Research Source: Yahoo! Finance
Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural gas exploration and production company. Murphy Oil Corporation (NYSE:MUR) received significant investor attention after the company reported on January 7 that it had successfully drilled the Hai Su Vang-2X (HSV-2X) appraisal well offshore Vietnam, confirming a major oil discovery in the Cuu Long Basin. The well encountered 332 feet of net oil pay in the deeper primary reservoir and 97 feet of net oil pay in the shallow reservoir. During flow testing, the primary reservoir achieved a production rate of 6,000 barrels of oil per day, allowing Murphy to increase the midpoint of recoverable resources for the primary reservoir towards the high end of the previous range of 170 to 430 million barrels of oil equivalent (mmboe), while the high end now exceeds 430 mmboe. The company now plans to continue its appraisal campaign with two additional wells to further refine the range of recoverable resources for both reserv Show less Read more
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