Murphy Oil Secures Six Offshore Exploration Licenses in Israel

Murphy Oil Corporation entered the Eastern Mediterranean market after securing six offshore exploration licenses in Israel's Zone G. The licenses, awarded by the Government of Israel, cover approximately 1,700 square kilometers located about 25 kilometers southwest of the Leviathan gas field.

Murphy Oil will serve as the operator of the licenses and holds a 50% interest in the venture. Ratio Energies LP holds the remaining 50% interest. The two companies intend to evaluate the exploration potential of the region as Murphy Oil expands its international portfolio of onshore and offshore assets.