Murphy Oil's Lac Da Vang achieves first oil Sept. 27, 2026
Lac Da Vang is expected to reach net peak production of approximately 10-15 MBOEPD in 2028-2029, while Chinook #8 is already producing.
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Form Type
8-K
Rhea-AI Filing Summary
Murphy Oil Corporation reported successful appraisal at Bubale West-1X offshore Côte d’Ivoire, where the well encountered approximately 88 feet of net oil pay in the Turonian reservoir and additional hydrocarbons in the deeper Albian reservoir. A Murphy subsidiary operates Block CI-103 with an 85 percent working interest. In Vietnam, Lac Da Vang achieved first oil on September 27, 2026; production is expected to ramp through 2028, with net peak production of approximately 10-15 MBOEPD in 2028-2029. Lac Da Trang North-1X encountered 131 feet of net oil pay.
Chinook #8 in the Gulf of America is online and producing through the Pioneer FPSO, with an initial gross production rate of approximately 15 MBOEPD. Murphy subsidiaries hold an 86.7 percent working interest in the well. The company will evaluate Lac Da Trang North-1X data for potential appraisal and development options; nearby Lac Da Vang infrastructure provides a pathway for a potential tieback.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Net oil pay: approximately 88 feet
Working interest: 85 percent
Net peak production: approximately 10-15 MBOEPD
+4 more
7 metrics
Net oil pay
approximately 88 feet
Bubale West-1X, Turonian reservoir
Working interest
85 percent
Murphy subsidiary in Block CI-103
Net peak production
approximately 10-15 MBOEPD
Lac Da Vang, expected in 2028-2029
Net oil pay
131 feet
Lac Da Trang North-1X
Working interest
40 percent
Murphy subsidiary in Block 15-1/05
Initial gross production rate
approximately 15 MBOEPD
Chinook #8
Working interest
86.7 percent
Murphy subsidiaries in Chinook #8
Key Terms
net oil pay, working interest, tieback, floating production, storage and offloading vessel
4 terms
net oil pay technical
"encountered approximately 88 feet of net oil pay"
Net oil pay measures the portion of a subsurface rock layer that actually contains producible oil after excluding thin, non-porous or water-bearing zones and applying technical cutoffs. For investors, it’s a key input to estimated recoverable volumes and future production—think of it as the usable part of a loaf: not the whole loaf matters, only the slices you can actually serve, which drive revenue and asset value.
working interest technical
"holds an 85 percent working interest in Block CI-103"
The working interest is the percentage ownership one party holds in an oil or gas lease that gives them the right to a share of production and also the obligation to pay a proportional share of exploration, development and operating costs. Think of it like owning a slice of a cake but also agreeing to pay part of the bill to bake it: a larger working interest means bigger potential revenue when wells produce, but also larger exposure to costs and liabilities if things go wrong.
tieback technical
"a potential tieback of the Lac Da Trang North discovery"
A tieback is the engineering and commercial practice of connecting a newly discovered or drilled offshore or subsea well or smaller field to existing production infrastructure (such as a platform, FPSO, or pipeline) so hydrocarbons can be transported and processed without building a whole new facility. It typically shortens development time and lowers upfront capital cost by using nearby capacity, but it depends on distance, flow rate, subsea flow assurance (pressure, temperature, and corrosion issues) and available spare capacity at the host facility.
floating production, storage and offloading vessel technical
"through the Pioneer floating production, storage and offloading vessel"
A floating production, storage and offloading vessel (FPSO) is a ship-like facility that processes oil or gas from nearby wells, stores the produced oil, and transfers it to tankers or pipelines. For investors it matters because an FPSO turns a field’s raw hydrocarbons into sellable product at sea—so its availability, cost, and safety affect how quickly a project generates revenue, ongoing operating expenses, and the risk of production interruptions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What peak production is expected at MUR's Lac Da Vang field?
Net peak production is expected to be approximately 10-15 MBOEPD in 2028-2029. Production is expected to ramp up through 2028 as additional wells are brought online.
What production rate did MUR's Chinook #8 well achieve?
Chinook #8 achieved an initial gross production rate of approximately 15 MBOEPD and is producing through the Pioneer FPSO in the Cascade-Chinook field.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 12, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices, including zip code) | ||||||||||||||
| Registrant’s telephone number, including area code | |||||||||||
| Not applicable | |||||||||||
| (Former Name or Former Address, if Changed Since Last Report) | |||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On October 12, 2026, Murphy Oil Corporation (the “Company”) issued a press release announcing successful appraisal at the Bubale West-1X well offshore Côte d’Ivoire, an exploration discovery at the Lac Da Trang (White Camel) North-1X well offshore Vietnam, first oil from the Lac Da Vang (Golden Camel) field offshore Vietnam, and production from the Chinook #8 development well in the Gulf of America. Attached hereto as Exhibit 99.1 is a copy of the press release issued by the Company relating to these announcements.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
This Current Report on Form 8-K, including the information furnished pursuant to Item 7.01 and the related Item 9.01 hereto, 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 “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s 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’s future operating results or activities and returns or the Company’s ability and intent 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 environmental, social and governance matters, make capital expenditures, 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 and demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; geopolitical concerns (including the current conflict in Iran); 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 markets of health pandemics and related government responses; natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; cyber attacks and other cybersecurity risks; any failure to obtain necessary regulatory approvals; the impact of current and future laws, rulings and governmental regulations; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. 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 “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from the Company’s website at http://ir.murphyoilcorp.com. 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 report. Each forward-looking statement contained in this report speaks only as of the date of this report. Except as required by applicable law, the Company undertakes no duty to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits | ||||
99.1 | Press release of Murphy Oil Corporation dated October 12, 2026. | ||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MURPHY OIL CORPORATION | ||||||||
| Date: October 13, 2026 | ||||||||
By: | /s/ Paul D. Vaughan | |||||||
| Paul D. Vaughan | ||||||||
Vice President and Controller | ||||||||
Exhibit Index
| Exhibit No. | |||||
99.1 | Press release of Murphy Oil Corporation dated October 12, 2026. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
Exhibit 99.1
NEWS RELEASE
MURPHY OIL CORPORATION ANNOUNCES APPRAISAL SUCCESS,
EXPLORATION DISCOVERY AND DEVELOPMENT PROGRESS
HOUSTON, Texas, October 12, 2026 - Murphy Oil Corporation (NYSE: MUR) today announced successful appraisal at the Bubale West-1X well offshore Côte d’Ivoire and an exploration discovery at the Lac Da Trang (White Camel) North-1X well offshore Vietnam. The Company also announced first oil from the Lac Da Vang (Golden Camel) field offshore Vietnam and production from the Chinook #8 development well in the Gulf of America.
“These achievements highlight Murphy’s ability to create value across exploration, appraisal and development,” stated Eric M. Hambly, President and Chief Executive Officer. “Bubale West-1X and Lac Da Trang North-1X further expand our resource potential, while development progress at Lac Da Vang and Chinook #8 demonstrate our ability to efficiently convert resources into production and cash flow. Together, these results strengthen our portfolio and position Murphy to create long-term shareholder value.”
CÔTE D’IVOIRE
The Bubale West-1X well in Block CI-103 offshore Côte d’Ivoire was drilled to a total measured depth of approximately 19,357 feet (5,900 meters) in 9,039 feet (2,755 meters) of water and encountered approximately 88 feet (27 meters) of net oil pay in the Turonian reservoir. Additional hydrocarbons were also encountered in the deeper Albian reservoir.
Preliminary analysis of logs and fluid samples indicates high-quality oil. Information obtained from the well will be integrated with existing subsurface data to optimize the remaining appraisal program at Bubale.
Murphy’s subsidiary, Murphy CI-103 Oil Co., Ltd., holds an 85 percent working interest in Block CI-103 and serves as operator. Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI) holds the remaining 15 percent working interest.
VIETNAM
Murphy achieved first oil from the Lac Da Vang field in Block 15-1/05 offshore Vietnam on September 27, 2026. The development is expected to ramp up through 2028 as additional wells are brought online, with net peak production of approximately 10-15 MBOEPD in 2028-2029.
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The achievement of first oil represents a major milestone in Murphy’s Vietnam strategy and establishes a new source of production and cash flow from the Company’s offshore portfolio.
Murphy also announced a successful exploration result at the Lac Da Trang North-1X well in Block 15-1/05, which encountered 131 feet (40 meters) of net oil pay. The well was drilled to a total measured depth of approximately 12,579 feet (3,834 meters) in 147 feet (45 meters) of water.
The Company and its partners will evaluate the Lac Da Trang North-1X data and assess potential appraisal and development options. Importantly, the now-producing Lac Da Vang asset provides nearby infrastructure for a potential tieback of the Lac Da Trang North discovery, creating a pathway to a capital-efficient, shorter-cycle development.
Murphy’s subsidiary, Murphy Cuu Long Bac Oil Co., Ltd., serves as the operator of Block 15-1/05, holding a 40 percent working interest. PetroVietnam Exploration Production Corporation Ltd. holds a 35 percent working interest and SK Earthon Co. Ltd. holds the remaining 25 percent.
GULF OF AMERICA
The Chinook #8 development well in Walker Ridge Block 425 is now online and producing through the Pioneer floating production, storage and offloading vessel (FPSO) in the Cascade-Chinook field. Consistent with pre-drill expectations, the well achieved an initial gross production rate of approximately 15 MBOEPD.
Murphy, through its subsidiaries, holds an 86.7 percent working interest in Chinook #8. Petrobras America Inc. holds the remaining 13.3 percent through its ownership interest in MP GOM.
ABOUT MURPHY OIL CORPORATION
Murphy 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’s 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’s 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 Côte d’Ivoire. Additional information can be found on the Company’s website at www.murphyoilcorp.com.
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FORWARD-LOOKING STATEMENTS
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 “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s 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’s future operating results or activities and returns or the Company's ability and intent 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 environmental, social and governance matters, make capital expenditures, 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 and demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; geopolitical concerns (including the current conflict in Iran); 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 markets of health pandemics and related government responses; natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; cyber attacks and other cybersecurity risks; any failure to obtain necessary regulatory approvals; the impact of current and future laws, rulings and governmental regulations; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. 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 “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Investors and others should note that we may announce
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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. Each forward-looking statement contained in this news release speaks only as of the date of this news release. Except as required by applicable law, Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
| Investor Contacts: | ||
| InvestorRelations@murphyoilcorp.com | ||
Atif Riaz, 281-675-9358 | ||
Beth Heller, 281-675-9363 | ||
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