{"id":928416,"date":"2026-01-19T18:03:03","date_gmt":"2026-01-19T23:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-results-of-civette-exploration-well-in-cote-divoire\/"},"modified":"2026-01-19T18:03:03","modified_gmt":"2026-01-19T23:03:03","slug":"murphy-oil-corporation-announces-results-of-civette-exploration-well-in-cote-divoire","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-results-of-civette-exploration-well-in-cote-divoire\/","title":{"rendered":"Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire"},"content":{"rendered":"

<\/p>\n

Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nMurphy Oil Corporation (NYSE: MUR) today announced results from the Civette exploration well in Block CI-502 offshore C\u00f4te d\u2019Ivoire. The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals.<\/p>\n

\n\u201cA key outcome at Civette is that we confirmed the presence of hydrocarbons in this frontier play \u2013 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,\u201d said Eric Hambly, President and Chief Executive Officer.<\/p>\n

\nMurphy, together with its partner Soci\u00e9t\u00e9 Nationale d\u2019Op\u00e9rations P\u00e9troli\u00e8res de la C\u00f4te d\u2019Ivoire (PETROCI), will continue its exploration program in C\u00f4te d\u2019Ivoire with the Caracal and Bubale prospects, both targeting independent plays with significant resource potential.<\/p>\n

\nMurphy holds a 90 percent working interest in Block CI-502 and serves as operator. PETROCI holds the remaining 10 percent.<\/p>\n

ABOUT MURPHY OIL CORPORATION<\/b><\/p>\n

\nMurphy Oil Corporation is an independent oil and natural gas company with a multi-basin onshore and offshore portfolio and significant exploration opportunities. The company has more than a century-long history of demonstrating strong execution and innovative, full-cycle development capabilities with a focus on value creation that drives shareholder returns. Murphy\u2019s foresight and financial discipline, along with its culture of adaptability and accountability, will allow the company to continue its outstanding legacy and exceptional reputation. The company\u2019s current operations include extensive inventory located onshore in the Eagle Ford Shale, Tupper Montney and Kaybob Duvernay, as well as offshore in the Gulf of America and Canada. Murphy also strives to create long-term shareholder value through offshore exploration and development in the Gulf of America, Vietnam and C\u00f4te d\u2019Ivoire. Additional information can be found on the company\u2019s website at www.murphyoilcorp.com<\/a>.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as \u201caim\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cdrive\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cexpressed confidence\u201d, \u201cforecast\u201d, \u201cfuture\u201d, \u201cgoal\u201d, \u201cguidance\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cobjective\u201d, \u201coutlook\u201d, \u201cplan\u201d, \u201cposition\u201d, \u201cpotential\u201d, \u201cproject\u201d, \u201cseek\u201d, \u201cshould\u201d, \u201cstrategy\u201d, \u201ctarget\u201d, \u201cwill\u201d or variations of such words and other similar expressions. These statements, which express management\u2019s current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company\u2019s future operating results or activities and returns or the company’s ability and decisions to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other ESG (environmental\/social\/governance) matters, make capital expenditures or pay and\/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and natural gas industry, including supply\/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; geopolitical concerns; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets, banking system or economies in general, including inflation, trade policies, tariffs and other trade restrictions. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see \u201cRisk Factors\u201d in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (\u201cSEC\u201d) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC\u2019s website and from Murphy Oil Corporation\u2019s website at http:\/\/ir.murphyoilcorp.com<\/a>. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts and the investors page of our website. We may use these channels to distribute material information about the company; therefore, we encourage investors, the media, business partners and others interested in the company to review the information we post on our website. The information on our website is not part of, and is not incorporated into, this news release. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260119561670\/en\/<\/a><\/span><\/p>\n

Investor Contacts:
\n<\/b>
InvestorRelations@murphyoilcorp.com
\n<\/a>
Atif Riaz, 281-675-9358
\n
Beth Heller, 281-675-9363
\n
Dimitra Vlachou, 713-502-7054<\/p>\n

KEYWORDS:<\/b> Texas Africa United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire HOUSTON–(BUSINESS WIRE)– Murphy Oil Corporation (NYSE: MUR) today announced results from the Civette exploration well in Block CI-502 offshore C\u00f4te d\u2019Ivoire. The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals. \u201cA key outcome at Civette is that we confirmed the presence of hydrocarbons in this frontier play \u2013 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,\u201d said Eric Hambly, President and Chief Executive Officer. Murphy, together with its partner … <\/p>\n

Continue reading “Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-928416","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMurphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-results-of-civette-exploration-well-in-cote-divoire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Murphy Oil Corporation Announces Results of Civette Exploration Well in C\u00f4te d\u2019Ivoire HOUSTON–(BUSINESS WIRE)– Murphy Oil Corporation (NYSE: MUR) today announced results from the Civette exploration well in Block CI-502 offshore C\u00f4te d\u2019Ivoire. The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals. \u201cA key outcome at Civette is that we confirmed the presence of hydrocarbons in this frontier play \u2013 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,\u201d said Eric Hambly, President and Chief Executive Officer. 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