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Murphy Oil finds significant oil in Vietnam, boosting estimates to over 430 million barrels.
Murphy Oil reports successful appraisal results from the Hai Su Vang-2X well in Vietnam’s Cuu Long Basin, confirming 429 feet of net oil pay across two reservoirs.
The primary reservoir showed a 1,600-foot hydrocarbon column with no water contact below previous data, supporting continuity.
Flow testing yielded 6,000 barrels of oil per day, producing high-quality oil.
Updated resource estimates suggest recoverable oil may exceed 430 million barrels of oil equivalent, with additional upside from a shallower reservoir.
Murphy, operator with a 40% stake, plans further appraisal wells and reaffirms its 2026 capital guidance of $1.1 to $1.3 billion.
Murphy Oil encuentra petróleo significativo en Vietnam, incrementando las estimaciones a más de 430 millones de barriles.