Murphy Oil Signs Production Sharing Contracts Offshore Mauritania

Nov 4, 2026 9:47 PM

View all comments（0）



Murphy Oil Corporation, through its subsidiaries, has secured two production sharing contracts for the C-10 and Tiof blocks offshore Mauritania, covering approximately 3.1 million acres. Murphy will act as operator with a 90% working interest, while Société Mauritanienne des Hydrocarbures (SMH) holds the remaining 10% carried interest. Both entities will collaborate to assess the exploration potential of these offshore acreage assets.

AI-generated summary

Murphy Oil Corporation (NYSE: MUR) has executed two production sharing contracts covering the C-10 and Tiof blocks offshore Mauritania. The two blocks span approximately 3.1 million acres.

Through its subsidiaries, Murphy will hold a 90% working interest in the blocks and serve as operator. Société Mauritanienne des Hydrocarbures (SMH) will hold the remaining 10% carried working interest.

Murphy and SMH will work together to further evaluate the exploration potential of the C-10 and Tiof blocks.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Nasdaq Extends Drop by 0.91% as Tech Stocks Lead Declines, AMD Falls Nearly 9%, Nvidia Drops 2%

On Friday, November 13, Eastern Time, U.S. stocks closed mixed as Nvidia extended its decline, dragging down the Nasdaq and the S&P 500, while the Dow finished slightly higher. A lower-than-expected month-over-month increase in the U.S. October Producer Price Index (PPI) initially lifted equities in early trading, but the year-over-year gain reached its highest level since November 2022, keeping inflationary pressures and the Federal Reserve's rate hike outlook in focus.

【US Pre-Market】Nvidia Rebounds Over 2%; Microsoft Falls Over 2% Amid Massive Global Outage; October PPI Due

TradingKey - On Friday, November 13, Eastern Time, the three major U.S. stock index futures rose across the board. As of press time, Dow futures were up about 0.16%, S&P 500 futures were up about 0.28%, and Nasdaq 100 futures rose 0.19%.

Bitcoin Drops Below $70,000, May Log Sixth Straight Weekly Loss, Risking Slide Toward $65,000

TradingKey - As of the Asian trading session on November 13, Bitcoin (BTC) extended its decline, briefly falling below $70,000 intraday to reach a low of $69,150, marking a nearly three-month low. Higher-than-expected U.S. inflation data, rising expectations of a December Federal Reserve rate hike, and persistent net outflows from spot Bitcoin ETFs have collectively constituted the primary headwinds facing the cryptocurrency market recently.

Gold Price Forecast: Gold Tumbles Below $3,900 as Trump Says No Need for Iran Deal; Can October PPI Spur a Rebound?

TradingKey - As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following a sharp drop on Thursday, with the latest price trading near $3,910. On Thursday, gold tumbled 2.76% to close at $3,877.41, confirming a breakdown below the $3,900 mark and touching a low of $3,852.27, hitting a fresh nearly one-year low. The decline in gold was primarily driven by renewed Middle East tensions pushing up international oil prices, coupled with persistently elevated U.S. inflationary pressures, which continue to weigh on gold's short-term trajectory.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?

TradingKey - On Friday (November 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following October's CPI once again exceeding expectations, the market will look to the PPI to further assess whether price pressures on the U.S. production side are spreading, as well as the likelihood of the Federal Reserve raising interest rates by 25 basis points or 50 basis points in December.

Featured Tools