MUR Makes Important Strides Offshore With the Drillbit

In this week's Well Watcher, we review MUR's offshore operating update across Côte d'Ivoire, Vietnam, and the GoA, which highlighted drillbit and development success on a number of important fronts. In Côte d'Ivoire, the Bubale West-1X appraisal well in Block CI-103 (85% WI) encountered ~88 ft of net oil pay in the Turonian, with additional hydrocarbons in the deeper Albian and preliminary data suggesting high-quality oil; we view this as an important result for a well designed to test reservoir continuity ahead of commercial development planning. In Vietnam, the company achieved first oil at Lac Da Vang on September 27, slightly ahead of its 4Q26 target, with net production expected to reach 5-9 MBoe/d by YE27 and 10-15 MBoe/d in 2028-29;