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US Firm Gets Gas Licenses
U.S. company Murphy Oil has secured six oil and gas exploration licenses in offshore Area G, off the coast of the occupied territories, marking its entry into the eastern Mediterranean. The licenses cover about 1,700 square kilometers, roughly 25 kilometers southwest of the Leviathan field. A Murphy Oil subsidiary will operate the licenses, holding a 50% stake, while Ratio Energies owns the other half. The companies will conduct studies to assess the area’s geological potential and identify possible locations for commercially viable gas reserves.
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