Murphy in Talks to Sell Gas to Petronas

Maritime Activity Reports, Inc.

June 14, 2006

According to reports, Murphy Oil Corp said it is in negotiations with Petroliam Nasional Bhd (Petronas), the state oil company, for the sale of gas from its fields offshore Sarawak.

Last month, Murphy Oil and Petronas Carigali signed a deal to sell natural gas to Petronas from blocks SK309 and SK311 at an initial rate of 300 million cu ft per day for up to 15 years. Initial deliveries are scheduled for 2008. Source: NSTP

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