Murphy Oil's Civette-1X exploration well in Block CI-502 offshore Ivory Coast did not discover commercial volumes of hydrocarbons. The well, drilled to a depth of 4252 metres, encountered non-commercial hydrocarbons across multiple intervals.

Exploration Context and Future Plans

Despite this result, the company highlighted that confirming the presence of hydrocarbons in this frontier area was a meaningful success. The data acquired strengthens the geological understanding of the basin and informs the remaining potential of the block. The exploration program with partner Petroci will continue, with the next wells targeting independent plays.

Upcoming Prospects

The upcoming wells are the Caracal and Bubale prospects. Caracal, which may straddle blocks CI-102 and CI-531, is estimated to hold potential resources between 150 million and 360 million barrels of oil equivalent. The location of the Bubale prospect was not specified.

Ownership Structure

Murphy Oil holds a 90% working interest in Block CI-502, with the state-owned Petroci holding the remaining 10%.