{"id":37291,"date":"2026-06-25T09:06:00","date_gmt":"2026-06-25T05:06:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=37291"},"modified":"2026-07-10T15:47:21","modified_gmt":"2026-07-10T11:47:21","slug":"murphy-oil-strikes-oil-off-the-shores-of-cote-divoire","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/","title":{"rendered":"Murphy Oil Strikes Oil Off the Shores of Cote d&#8217;Ivoire"},"content":{"rendered":"\n<p>On 22 June 2026, <a href=\"http:\/\/www.MurphyOilCorp.com\" target=\"_blank\" rel=\"noreferrer noopener\">Murphy Oil<\/a> (NYSE: MUR) announced an oil discovery off the shores of C\u00f4te d&#8217;Ivoire. In particular, the Bubale-1X exploration struck oil in the CI-709 block, located some 64 kilometers offshore C\u00f4te d&#8217;Ivoire.<\/p>\n\n\n\n<p>The Bubale-!X drilled to a total depth of 6,263 meters, including 2,376 meters of water depth. Preliminary assessments indicate the oil is of high-quality light crude type. Murphy Oil plans to drill another well nearby to evaluate the extent of the discovery.<\/p>\n\n\n\n<p>&#8220;Early results at Bubale reinforce the prospectivity of our C\u00f4te d&#8217;Ivoire acreage. We are pleased with the results to C\u00f4tedate, which underscore the value of a disciplined and consistent exploration approach. Our immediate focus now is advancing evaluation plans to define the discovery&#8217;s full potential.&#8221;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"c1c6c9\" data-has-transparency=\"false\" style=\"--dominant-color: #c1c6c9;\" decoding=\"async\" loading=\"lazy\" width=\"600\" height=\"400\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/07\/Murphy-Oil-02w-jpg.webp\" alt=\"Location of Murphy Oil's Blocks Offshore Cote d'Ivoire\" class=\"not-transparent wp-image-37297\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/07\/Murphy-Oil-02w-jpg.webp 600w, https:\/\/gbc1.net\/wp-content\/uploads\/2026\/07\/Murphy-Oil-02w-300x200.webp 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\">Location of Murphy Oil&#8217;s Blocks Offshore C\u00f4te d&#8217;Ivoire<\/figcaption><\/figure><\/div>\n\n\n<p>Murphy Oil currently has three wells undertaking exploration in C\u00f4te d&#8217;Ivoire and Bubale-1X was the first to strike oil.  The Bubale-1X well started exploration drilling the CI-709 block in February 2026. A joint venture holds the rights for the block, whereby  Murphy Oil holds 90% and Soci\u00e9t\u00e9 Nationale d&#8217;Op\u00e9rations P\u00e9troli\u00e8res de la Cote d&#8217;Ivoire (PetroCI) holds the remaining 10%.<\/p>\n\n\n\n<p>Previously, ENI made discoveries in the Baleine and Calao blocks. The Government of C\u00f4te d&#8217;Ivoire ambitions to become a major oil producer in Africa by 2035, when the oil sector\u2018s contribution to the <a href=\"https:\/\/gbc1.net\/index.php\/tag\/gdp\/\">#GDP<\/a> is forecasted to increase from 7% in 2022 to 14% in 2040.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"US Firm Murphy Oil Corporation Finds Oil Field off the Ivory Coast | Firstpost Africa | N18G\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/qP0RAeMhl50?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 22 June 2026, Murphy Oil (NYSE: MUR) announced an oil discovery off the shores of C\u00f4te d&#8217;Ivoire. In particular,<\/p>\n","protected":false},"author":1,"featured_media":37299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[3],"tags":[148],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Murphy Oil Strikes Oil Off the Shores of Cote d&#039;Ivoire<\/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:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-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 Strikes Oil Off the Shores of Cote d&#039;Ivoire\" \/>\n<meta property=\"og:description\" content=\"On 22 June 2026, Murphy Oil (NYSE: MUR) announced an oil discovery off the shores of C\u00f4te d&#8217;Ivoire. In particular,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Business Council (GBC)\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-25T05:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-10T11:47:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/07\/Murphy-Oil-01W-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\"},\"author\":{\"name\":\"gbc\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\"},\"headline\":\"Murphy Oil Strikes Oil Off the Shores of Cote d&#8217;Ivoire\",\"datePublished\":\"2026-06-25T05:06:00+00:00\",\"dateModified\":\"2026-07-10T11:47:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"keywords\":[\"GDP\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\",\"url\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\",\"name\":\"Murphy Oil Strikes Oil Off the Shores of Cote d'Ivoire\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/#website\"},\"datePublished\":\"2026-06-25T05:06:00+00:00\",\"dateModified\":\"2026-07-10T11:47:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2026\/06\/25\/murphy-oil-strikes-oil-off-the-shores-of-cote-divoire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gbc1.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Murphy Oil Strikes Oil Off the Shores of Cote d&#8217;Ivoire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gbc1.net\/#website\",\"url\":\"https:\/\/gbc1.net\/\",\"name\":\"Global Business Council (GBC)\",\"description\":\"Connecting ... 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