Murphy Oil Corporation announced a series of successful operational updates, including a successful appraisal well in Côte d’Ivoire, an exploration discovery and first oil from a new field in Vietnam, and new production in the Gulf of America. These developments expand the company's resource potential and convert existing resources into production and cash flow.
Key Details
- Côte d’Ivoire: The Bubale West-1X appraisal well encountered approximately 88 feet (27 meters) of net oil pay. Murphy operates the block with an 85% working interest.
- Vietnam: Achieved first oil from the Lac Da Vang field on September 27, 2026, with net peak production expected to reach 10-15 MBOEPD in 2028-2029. Additionally, the Lac Da Trang North-1X exploration well made a discovery with 131 feet (40 meters) of net oil pay.
- Gulf of America: The Chinook #8 development well is now online, achieving an initial gross production rate of approximately 15 MBOEPD.