en.Wedoany.com Reported - Murphy Oil Corporation has discovered light crude oil at the Bubale-1X exploration well in Block C1-709 offshore Côte d'Ivoire, marking new progress in the country's efforts to expand oil and gas production and strengthen its upstream asset portfolio. The well encountered high-quality light crude oil in two reservoirs, each 30 meters thick, with a total depth of 6,263 meters and a water depth of 2,376 meters.

Next, Murphy Oil will evaluate the discovery and plans to drill one well in the second half of 2026. This discovery is part of a three-well drilling program that includes Civette-1X and Caracal-1X. Murphy Oil holds a 90% working interest in the block, with the remaining 10% held by Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (Petroci).

Eric Hambly, President and CEO of Murphy Oil Corporation, stated that early results from Bubale indicate promising prospects for the company's exploration blocks in Côte d'Ivoire. The company is satisfied with the current results, which reflect the value of a disciplined and consistent exploration approach. He revealed that the current focus is on advancing the evaluation plan to determine the full potential of the discovery.

Côte d'Ivoire is accelerating efforts to increase oil production to 500,000 barrels per day and natural gas production to 1 billion cubic feet per day by 2035, positioning the upstream sector as a key driver of economic growth, with the goal of becoming one of Africa's top five oil and gas producers within the next decade.

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