Murphy Oil is executing a diverse portfolio of offshore exploration and development projects, with significant activities planned in the US Gulf of Mexico and offshore Côte d’Ivoire.
The company plans to drill near-field exploration wells shortly on two prospects in the US Gulf of Mexico. Preparations continue for drilling Chinook #8, a high-impact well that Murphy believes could come online in the second half of next year, at an initial rate of 15,000 million barrels of oil equivalent per day.
In March of this year, a subsidiary of Murphy Oil signed a purchase and sale agreement to acquire the FPSO BW Pioneer from BW Offshore for $125 million. The FPSO will remain at its current location, supporting operations at the Cascade Field and Chinook Field in the Gulf of Mexico. BW Offshore will continue to provide operations and maintenance services under a new five-year reimbursable contract.
During the third quarter, the company completed the Khaleesi #2 and Marmalard #3 workovers and restored both wells to production.
Offshore Côte d’Ivoire, Murphy expects to submit a development plan by year-end for the deepwater Paon Field, discovered by Anadarko. In addition, Murphy aims to spud wells in the current quarter on the Civette and Caracal exploration prospects, with respective potential resources of 440 million barrels of oil equivalent to 1,000 million barrels of oil equivalent and 150 million barrels of oil equivalent to 360 million barrels of oil equivalent.
These will be followed by a third well next year on the 340 million barrels of oil equivalent to 850 million barrels of oil equivalent prospect Bubale.
Offshore Vietnam, the jacket was installed for the LDV-A platform for the company’s Lac Da Vang (Golden Camel) field development, and the first development well spudded ahead of schedule. Fabrication of the topsides, the floating storage and offloading vessel’s hull and turret, pipelines, and flexible risers are all progressing as planned, and the company expects first oil sometime in the fourth quarter of 2026.
Murphy also spudded the offshore Hai Su Vang-2X (Golden Sea Lion) appraisal well early last month, aimed at tightening or potentially increasing the current reserves range estimate of 170 million barrels of oil equivalent to 430 million barrels of oil equivalent. In addition, the company is assessing development options for the Lac Da Hong (Pink Camel) discovery.
Source: offshore-mag.com