Category: Markets
Published: 2026-06-22T22:11:17.000Z
Murphy Oil Corp. has announced a significant oil discovery at its Bubale-1X wildcat well in Block CI-709 offshore Côte d'Ivoire, encountering 100 feet of net oil pay of premium light crude. This is the last of three wells in their current drilling program, with plans for further appraisal, including another well in late 2026, to fully assess the reservoir's size. Murphy holds a 90% working interest in the block, with PETROCI holding the remaining 10%, contributing to growing exploration enthusiasm in the region.
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