Murphy Oil Corporation Announces Appraisal Success, Exploration Discovery and Development Progress
Murphy Oil announced successful appraisal at Bubale West-1X offshore Côte d'Ivoire, encountering approximately 88 feet of net oil pay in the Turonian reservoir plus deeper Albian hydrocarbons. In Vietnam, the company achieved first oil at the Lac Da Vang field on September 27, 2026, with net peak production of roughly 10-15 MBOEPD expected in 2028-2029, and reported an exploration discovery at Lac Da Trang North-1X with 131 feet of net oil pay that could tie back to nearby Lac Da Vang infrastructure. In the Gulf of America, the Chinook #8 development well came online through the Pioneer FPSO with an initial gross rate of approximately 15 MBOEPD, consistent with pre-drill expectations.
Key figures
- Bubale net oil pay ft
- 88
- Bubale total depth ft
- 19357
- Bubale water depth ft
- 9039
- Bubale working interest pct
- 85%
- Chinook8 initial gross rate
- ~15 MBOEPD
- Lac da trang net oil pay ft
- 131
- Chinook8 working interest pct
- 86.7%
- Lac da vang net peak production
- 10-15 MBOEPD in 2028-2029
- Block 15 1 05 working interest pct
- 40%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.