Murphy Oil Corp mentioned Monday it had encountered noncommercial portions of hydrocarbons within the first of its three-well exploration marketing campaign offshore Côte d’Ivoire.
“A key end result at Civette is that we confirmed the presence of hydrocarbons on this frontier play – a significant success in early-stage exploration”, president and chief govt Eric Hambly mentioned in an internet assertion. “Whereas Civette didn’t meet industrial thresholds, the effectively supplied insights that strengthen our subsurface understanding for the potential of the [Tano] basin and inform the remaining prospectivity on the CI-502 Block”.
The Houston, Texas-based oil and gasoline explorer and developer had positioned a gross useful resource potential of 440-1,000 million barrels of oil equal (MMboe) on Civette, in line with Murphy Oil’s investor presentation on January 7, 2026.
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The Civette effectively is in Block CI-502. The corporate mentioned Monday it could proceed with the Bubale prospect in Block CI-709 and the Caracal prospect in CI-102, “each focusing on unbiased performs with important useful resource potential”.
Based on the investor presentation, the gross useful resource potential for Bubale and Caracal is 340-850 MMboe and 150-360 MMboe respectively. They’re scheduled to be spudded this 12 months.
The three blocks are amongst 5 held by Murphy Oil within the West African nation. The 5, all in deep waters, are co-owned with Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire, the American firm holding 85-90 p.c working pursuits. The licenses, acquired 2023, cowl about 1.5 million gross acres within the Tano basin, in line with Murphy Oil.
Murphy Oil was scheduled to submit a growth plan for the Paon discovery in Block CI-103 to Ivorian authorities by the tip of 2025, in line with the corporate’s annual report for 2024.
Elsewhere, Murphy Oil has scheduled two extra spuds in Vietnam this 12 months, each appraisal wells for final 12 months’s Hai Su Vang oil discovery. The primary appraisal effectively within the Cuu Lengthy basin discovery was spudded within the fourth quarter of 2025, in line with the investor presentation.
On January 6, 2026, Murphy Oil reported that Hai Su Vang’s first appraisal effectively confirmed the invention as “important”.
“The up to date midpoint of recoverable assets for the first reservoir is in the direction of the excessive finish of our beforehand communicated vary of 170-430 MMboe and the excessive finish of the brand new vary now exceeds 430 MMboe”, Murphy Oil mentioned. “Moreover, outcomes from the shallow reservoir present recoverable useful resource upside not included within the beforehand communicated vary.
“Extra appraisal wells are essential to additional refine the vary of recoverable assets for each reservoirs”.
The Hai Su Vang-2X appraisal effectively encountered 429 toes of web oil pay throughout the identical two reservoirs the place the Hai Su Vang-1X discovery encountered about 370 toes of web oil pay, Murphy Oil mentioned.
To contact the creator, e-mail jov.onsat@rigzone.com
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