Potiguar Basin

With a 30% non-operated working interest, Murphy participates in three blocks spanning approximately 774,000 gross acres in the Potiguar Basin. Wintershall Dea as operator holds the remaining 70% working interest. More than 2.1 billion barrels of oil equivalent have been discovered in the basin, and Murphy’s blocks are in close proximity to the Pitu oil discovery. Seismic data is under review, and the partnership anticipates drilling its first exploration well in 2-3 years.