Murphy Oil Corporation Announces Appraisal Success, Exploration Discovery and Development Progress
Key Highlights
- ➤Bubale West-1X encountered approximately 88 feet net oil pay offshore Côte d’Ivoire
- ➤Lac Da Vang achieved first oil September 27, 2026, targeting 10-15 MBOEPD peak production
- ➤Lac Da Trang North-1X encountered 131 feet net oil pay offshore Vietnam
- ➤Chinook #8 online at approximately 15 MBOEPD initial gross production
- ➤Lac Da Trang discovery may tie back to nearby Lac Da Vang infrastructure
Expert Statements
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“These achievements highlight Murphy’s ability to create value across exploration, appraisal and development”
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“Bubale West-1X and Lac Da Trang North-1X further expand our resource potential, while development progress at Lac Da Vang and Chinook #8 demonstrate our ability to efficiently convert resources into production and cash flow.”
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“Together, these results strengthen our portfolio and position Murphy to create long-term shareholder value.”
Murphy Oil Corporation Announces Appraisal Success, Exploration Discovery and Development Progress
Murphy Oil Corporation (NYSE: MUR) today announced successful appraisal at the Bubale West-1X well offshore Côte d’Ivoire and an exploration discovery at the Lac Da Trang (White Camel) North-1X well offshore Vietnam. The Company also announced first oil from the Lac Da Vang (Golden Camel) field offshore Vietnam and production from the Chinook #8 development well in the Gulf of America.
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