Murphy Oil announced the completion of its Civette‑1X exploration well in Block CI‑502 offshore Côte d’Ivoire. The 13,950‑foot (4,252‑meter) well, drilled by the company’s 90% operator interest with PETROCI holding 10%, identified non‑commercial hydrocarbons in several intervals, confirming the presence of oil and gas in the Tano Basin.
While the well did not reach commercial production thresholds, the discovery is a meaningful early‑stage success for Murphy’s West Africa program. The data set expands the company’s subsurface understanding of the frontier play and will inform the evaluation of the Caracal and Bubale prospects that the partnership plans to pursue next.
In an investor presentation released earlier in the year, Murphy estimated the Civette well’s gross resource potential at 440‑1,000 MMboe, with the Caracal and Bubale prospects projected at 340‑850 MMboe and 150‑360 MMboe, respectively. These figures underscore the strategic value of the block and support the company’s broader goal of diversifying its offshore portfolio beyond the Gulf of Mexico.
President and CEO Eric Hambly said the well “confirmed the presence of hydrocarbons in this frontier play – a meaningful success in early‑stage exploration.” He added that the information gained will strengthen the company’s subsurface model and help prioritize drilling decisions in the CI‑502 block.
Murphy’s exploration program in Côte d’Ivoire is part of a multi‑basin strategy that includes onshore operations in the Eagle Ford, Tupper Montney, and Kaybob Duvernay, as well as offshore activities in the Gulf of Mexico and Canada and development projects in Vietnam. The company’s Q4 2025 earnings are scheduled for release on Jan 28, 2026, with a conference call on Jan 29.
The Civette‑1X results reinforce Murphy’s commitment to expanding its offshore footprint and illustrate the company’s disciplined approach to exploration, balancing risk with the potential upside of frontier plays.
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