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Murphy Oil Becomes Operator of Six Offshore Licenses in Israel

Murphy will operate the Zone G licenses, whose interests are split equally between its subsidiary and Ratio Energies LP.

Updated 1 min read
A survey vessel crosses the eastern Mediterranean off Haifa, Israel, in the morning haze. / EconoTimes.ai
A survey vessel crosses the eastern Mediterranean off Haifa, Israel, in the morning haze. / EconoTimes.ai

Israel’s government awarded six offshore Zone G exploration licenses to Murphy Oil and Ratio Energies LP.

Murphy will lead exploration under the award, while its subsidiary and Ratio Energies LP each hold half of the license interests.

The Israeli licenses are distinct from the C10 and Tiof production-sharing agreements Murphy signed in Mauritania on Nov. 3.

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