Murphy Oil announces results of Civette exploration well in Cote d’Ivoire

Murphy Oil (MUR) Corporation announced results from the Civette exploration well in Block CI-502 offshore Cote d’Ivoire. The Civette-1X well reached a total depth of 13,950 feet and encountered non-commercial hydrocarbons across multiple intervals. “A key outcome at Civette is that we confirmed the presence of hydrocarbons in this frontier play – a meaningful success in early-stage exploration. While Civette did not meet commercial thresholds, the well provided insights that strengthen our subsurface understanding for the potential of the basin and inform the remaining prospectivity on the CI-502 Block,” said Eric Hambly, President and Chief Executive Officer.