Murphy Oil Advances Côte d’Ivoire Exploration Despite Caracal-1X Dry Hole

Murphy Oil Advances Côte d’Ivoire Exploration Despite Caracal-1X Dry Hole

Murphy Oil to Drill Bubale-1X in Côte d’Ivoire After Caracal-1X Well Declared Dry

Murphy Oil Corporation has completed drilling operations at the Caracal-1X well in Block CI-102 offshore Côte d’Ivoire, reaching a total depth of 8,534 feet (2,601 meters).

The company has classified the well as a dry hole after failing to encounter commercially viable hydrocarbons.

Subsurface data acquired during drilling will be integrated into ongoing technical evaluations to refine prospectivity across the remaining acreage in the block.

Murphy holds a 90% operated working interest in Block CI-102, with the remaining 10% owned by Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI).

Despite the outcome at Caracal-1X, Murphy intends to proceed with the Bubale-1X well in Block CI-709. The prospect targets a distinct geological play from both Civette-1X and Caracal-1X and represents the third well in the company’s current offshore exploration campaign in Côte d’Ivoire.

Beyond West Africa, Murphy maintains a diversified upstream portfolio. The company continues to develop onshore unconventional assets in the Eagle Ford, Tupper Montney, and Kaybob Duvernay plays, while also managing offshore production and exploration interests in the Gulf of Mexico and Canada.

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