Murphy Oil discovers oil at Hai Su Vang-1X offshore Vietnam with ~370 ft net pay

MURPHY OIL CORP

Well drilled to 13,124 ft in 149 ft of water; encountered ~370 ft net oil pay across two reservoirs.
Murphy subsidiary operates Block 15-2/17 with 40% WI; partners PetroVietnam (35%) and SK Earthon (25%).
Additional evaluation underway; future appraisal drilling planned to determine development potential.
CEO Eric Hambly cites discovery as adding upside to existing Vietnam business.

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