Murphy Oil Corporation announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 40 miles offshore Côte d'Ivoire. The well was drilled to a total depth of 20,548 feet in 7,795 feet of water and encountered 100 feet of net oil pay across two reservoirs, with preliminary assessment indicating high-quality light oil. President and CEO Eric Hambly said the early results reinforce the prospectivity of the company's Côte d'Ivoire acreage and that the immediate focus is to advance evaluation plans to define the discovery's full potential. Bubale-1X is the third and final well in the current three-well exploration campaign in Côte d'Ivoire, and Murphy Oil plans to move into the next evaluation phase with one well in the second half of 2026 to test the extent of the discovery.
Murphy Oil CorporationMurphy Oil announced an oil discovery with 100 feet of net oil pay, which increases its resource base and future production potential.