Murphy Oil Corporation has stated that it will continue drilling the third well in its exploration program — Bubale-1X and share results upon completion of drilling operations, despite results from the Caracal-1X exploration well in Block CI-102 offshore Côte d’Ivoire.
The Caracal-1X exploration well in Block CI-102, which reached a total depth of 8,534 feet (2,601 meters), will be plugged and abandoned as a dry hole after encountering hydrocarbon shows.
Results from Caracal 1X will inform Murphy’s ongoing assessment of remaining prospectivity across its Côte d’Ivoire acreage. Murphy, together with its partner Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI), will remain committed to moving forward with the Bubale-1X well in Block CI-709.
The well targets a geological play independent from Civette-1X and Caracal-1X, the initial two wells in the three-well exploration campaign in Côte d’Ivoire.
Murphy has submitted an offer for four exploration blocks in offshore Cameroon. The offer was subsequently accepted by the Republic of Cameroon, pending further discussions to finalize the Production Sharing Contracts.
Murphy holds a 90 percent working interest in Block CI-102 and serves as operator. PETROCI holds the remaining 10 percent.
