UPDATE 1-Murphy Oil makes two discoveries offshore Malaysia

* Announces additional discoveries in Malaysia

* Says one discovery is similar quality to Kikeh field

* Murphy's stock slips (Adds details, quotes, stock)

NEW YORK, June 12 (Reuters) - Murphy Oil Corp (MUR.N) said on Friday it has made two additional discoveries in offshore Malaysia, one of them near its Kikeh field.

"We are pleased with the well results and hope to tie these discoveries into our nearby major fields in the future," President and Chief Executive Officer David Wood said.

He said the discoveries would contribute to continued growth of Murphy Oil's Southeast Asian operations.

The oil exploration company, based in El Dorado, Arkansas, said the first discovery was made at the Siakap North prospect in Block K, offshore Sabah, Malaysia.

The Siakap North discovery is 6 miles from Murphy's Kikeh field in approximately 4,300 feet of water. The well encountered oil-bearing pay sands of a similar age and quality as Kikeh, it said.

Development options including a tieback to Kikeh are being evaluated, said Murphy, which holds an 80 percent working interest and serves as operator. Malaysia's state-owned oil firm Petronas holds the other 20 percent stake.

A second discovery was made at the East Patricia prospect in Block SK 309, offshore Sarawak, Malaysia. The well found approximately 230 feet of net natural gas and was drilled in 89 feet of water. East Patricia is 23 miles from the Bintulu onshore gas receiving facility under construction for the Sarawak natural gas development.

Murphy maintains a 60 percent working interest and serves as operator, while Petronas holds the remaining 40 percent.

Murphy Oil stock was down 1 percent at $59.91 in morning trading on the New York Stock Exchange. (Reporting by Steve James; Editing by Brian Moss)