Murphy Oil Announces Offshore Oil Discovery in Cote d'Ivoire

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Summary · why it matters

Murphy Oil Corporation announced a significant oil discovery at the Bubale-1X exploration well in Block CI-709, offshore Cote d'Ivoire. The well encountered 100 feet of net oil pay across two reservoirs, with initial assessments indicating high-quality light oil. Murphy Oil's unit holds a 90% working interest in the block, while PETROCI holds the remaining 10%. The company plans to drill another well in the second half of 2026 to evaluate the discovery's extent. Murphy Oil's total proved reserves stood at 730 million barrels of oil equivalent at the end of 2025.

Impact on stocks 4

Energy▲ · 2 stocks
Murphy Oil Corporation
MUR
▲ PositiveTechnologyrelevance

Murphy Oil announced a significant oil discovery at Bubale-1X well with 100 feet of net oil pay.

Energy Transition & Power Demand▲ · 1 stocks
Carbon Removal (DAC)▲ · 1 stocks

Off-coverage companies 1

PETROCI HoldingPrivate▲ Positive
Technologyrelevance

PETROCI holds a 10% working interest in the block where the discovery was made.

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