Murphy Oil Corp’s first two wells in a three-well exploration marketing campaign offshore Côte d’Ivoire have turned up dry.
Caracal-1X, the second effectively, “will probably be plugged and deserted as a dry gap”, the Houston, Texas-based oil and gasoline explorer and producer stated in a short assertion Monday. Drilling reached a complete depth of 8,534 toes.
The effectively is in Block CI-102. The sooner effectively, Civette-1X, is in Block CI-502. “Murphy, along with its associate Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI), stays dedicated to shifting ahead with the Bubale-1X effectively in Block CI-709”, in a geological play impartial from the primary two wells, Monday’s assertion stated.
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Murphy had encountered non-commercial portions of hydrocarbons within the first effectively. “A key final 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 government Eric Hambly stated in an organization assertion January 19. “Whereas Civette didn’t meet industrial thresholds, the effectively offered insights that strengthen our subsurface understanding for the potential of the [Tano] basin and inform the remaining prospectivity on the CI-502 Block”.
Murphy had positioned 440-1,000 million barrels of oil equal (MMboe) gross useful resource potential on Civette, in response to its investor presentation on January 7, 2026.
In response to the investor presentation, the gross useful resource potential for Caracal and Bubale is 150-360 MMboe and 340-850 MMboe respectively. The third effectively is scheduled to be spudded this 12 months.
The three blocks are amongst 5 held by Murphy within the West African nation. The 5, all in deep waters, are co-owned with PETROCI, 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 response to Murphy.
Murphy was scheduled to submit a growth plan for the Paon discovery in Block CI-103 to Ivorian authorities by the top of 2025, in response to the corporate’s annual report for 2024.
Elsewhere, Murphy has scheduled two extra spuds in Vietnam in 2026, 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 response to the investor presentation.
On January 6, 2026, Murphy reported that Hai Su Vang’s first appraisal effectively confirmed the invention as “vital”.
“The up to date midpoint of recoverable sources for the first reservoir is in 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 stated. “Moreover, outcomes from the shallow reservoir present recoverable useful resource upside not included within the beforehand communicated vary.
“Further appraisal wells are essential to additional refine the vary of recoverable sources 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 stated.
To contact the writer, electronic mail jov.onsat@rigzone.com
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