Murphy Oil Corporation issued a press release on October 12, 2026, detailing three major operational milestones across its offshore portfolio. The company reported successful appraisal at the Bubale West-1X well offshore Côte d’Ivoire, an exploration discovery at the Lac Da Trang (White Camel) North-1X well offshore Vietnam, and the commencement of production at the Lac Da Vang (Golden Camel) field in Vietnam.
Regarding the Côte d’Ivoire asset, the Bubale West-1X well was drilled to a total measured depth of approximately 19,357 feet in 9,039 feet of water. The well encountered approximately 88 feet of net oil pay in the Turonian reservoir, with additional hydrocarbons found in the deeper Albian reservoir. Preliminary analysis indicates the oil is of high quality. Murphy CI-103 Oil Co., Ltd. holds an 85 percent working interest in Block CI-103 and serves as the operator.
In Vietnam, Murphy achieved first oil from the Lac Da Vang field on September 27, 2026. The company expects the development to ramp up through 2028, with net peak production projected to reach approximately 10-15 MBOEPD in 2028-2029. Additionally, the Lac Da Trang North-1X well encountered 131 feet of net oil pay. The well was drilled to a total measured depth of approximately 12,579 feet in 147 feet of water. Murphy Cuu Long Bac Oil Co., Ltd. serves as the operator of Block 15-1/05, holding a 40 percent working interest, while PetroVietnam Exploration Production Corporation Ltd. holds 35 percent and SK Earthon Co., Ltd. holds the remaining 25 percent.
In the Gulf of America, the Chinook #8 development well in Walker Ridge Block 425 is now online. The well is producing through the Pioneer floating production, storage and offloading vessel (FPSO) in the Cascade-Chinook field. Consistent with pre-drill expectations, the well achieved an initial gross production rate of approximately 15 MBOEPD. Murphy holds an 86.7 percent working interest in the asset.
