Offshore Mexico

Murphy currently holds a 40% operated working interest in Block 5 in the Salina Basin of offshore Mexico, with Petronas and Wintershall Dea each owning 30% working interest. The company drilled a successful exploration well in 2019 – Cholula 1-EXP – and plans to drill the appraisal well along with another prospect well in 2021.

There are more than 30 identified prospects on the block with multiple oil discoveries in the area, leading to significant mean to upward gross resource potential of 800 million to 2 billion barrels of oil.