Murphy Oil Corporation Announces Signing of Offshore Mauritania Production Sharing Contracts

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced the execution of two production sharing contracts covering the C-10 and Tiof blocks offshore Mauritania.The blocks cover approximately 3.1 million acres. Murphy, through its subsidiaries, will hold a 90 percent working interest and serve as operator, with Société Mauritanienne des Hydrocarbures (SMH) holding the remaining 10 percent carried working interest.Murphy and SMH will now work together to further evaluate the e.