Murphy-led consortium strikes oil offshore Mexico

Mexico

MEXICO CITY, March 13, 2019 – A consortium led by Murphy Oil has found hydrocarbons in the Salina Basin Area 5 block, located in the Gulf of Mexico, international media reported Tuesday.

Drilled in February and March, the Cholula-1 wildcat well “encountered hydrocarbons in multiple target objectives,” the company said in a statement to Upstream Online. The company also said the discovery could hold 220 million boe.

Murphy holds a 30% operating interest in the block, alongside partners PC Carigali (23.34%), Ophir Energy (23.33%) and Sierra Oil & Gas (23.33%).