Namibia: Murphy Oil, OMV take two offshore blocks

Murphy Oil and Austria’s OMV have farmed into two offshore blocks in the Luderitz Basin held by Brazil’s Cowan Petróleo e Gás. OMV will take 25% while Murphy will be the operator of the joint venture, with an interest of 40%. Cowan will retain 20% equity, with the remaining 15% held by National Petroleum Corporation of Namibia. The joint-venture partners plan a 3D seismic programme starting in Q2 14. The blocks 2613 A and B are immediately north of acreage held by Brazil’s HRT.