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Stock impact report

Murphy Oil Corporation Announces Results of Caracal Exploration Well in Côte d’Ivoire

Murphy Oil Corporation (MUR) 
Last murphy oil corporation earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.murphyoilcorp.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced results from the Caracal-1X exploration well in Block CI-102 offshore Côte d’Ivoire. The well, 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), remains committed to moving forward with the Bubale-1X well in Block CI-709. This 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 holds a 90 percent working interest in Block CI-102 and serves as operator. PETROCI holds the remaining 10 percent.ABOUT MURPHY OIL CORPORATIONMurphy Oil Corporation is an independent oil and natural gas compa Show less Read more
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