Murphy Oil reports oil discoveries and production gains

Murphy Oil Corporation has reported multiple successes across its international offshore operations, including successful appraisals and new oil discoveries.

In Côte d’Ivoire, the Bubale West-1X well in Block CI-103 encountered approximately 27 meters of net oil pay in the Turonian reservoir, with additional hydrocarbons found in the deeper Albian reservoir. Murphy operates this block with an 85% interest, alongside PETROCI.

In Vietnam, the company achieved first oil from the Lac Da Vang field on September 27, 2026. Production is expected to ramp up through 2028, with a projected peak of 10,000 to 15,000 barrels of oil equivalent per day. Additionally, the Lac Da Trang North-1X exploration well in Block 15-1/05 discovered 40 meters of net oil pay. Murphy holds a 40% interest in this block with partners PetroVietnam Exploration Production Corporation and SK Earthon.

In the United States, the Chinook #8 development well in the Gulf of Mexico's Walker Ridge Block 425 has come online. The well reached an initial gross rate of approximately 15,000 barrels of oil equivalent per day.