MUR — Lac Da Vang (Golden Camel) Field Development Project Update
Oct 1, 2026, 5:00:00 AM UTC
Summary
Murphy Oil Corporation is advancing its Lac Da Vang field development project in Vietnam, targeting first oil production by Q4 2026. The project, located in the Cuu Long Basin, is expected to yield an estimated 10-15 MBOEPD at peak production, with a capital budget of $110 million for FY 2025. Significant milestones include the completion of platform construction and the initiation of development drilling, with further updates anticipated as the project progresses.
Company
MURPHY OIL CORP (MUR)NYSE — Energy: Mining, Oil & Gas E&P: Crude Petroleum & Natural Gas
www.murphyoilcorp.comSimilar Events
Hai Su Vang - 2X (Golden Sea Lion) Appraisal Well
Murphy Oil Corporation plans to drill the Hai Su Vang - 2X appraisal well in Vietnam in Q3 2025, following positive flow test results from the initial Hai Su Vang - 1X discovery, which encountered significant oil pay. This appraisal well aims to further assess the resource potential of the field, which is part of Murphy's broader exploration strategy in the Cuu Long Basin.
clinical readoutCôte d’Ivoire Exploration Program
Murphy Oil Corporation is set to initiate a three-well exploration program in Côte d’Ivoire, with the first well, Civette, targeting spud in Q4 2025. The program aims to explore significant resource potential across three blocks, with estimates ranging from 440 MMBOE to 1,000 MMBOE for Civette alone. This initiative reflects Murphy's strategy to expand its international exploration portfolio and leverage its operational capabilities in emerging markets.
otherUaru Development First Production
The Uaru oil development, sanctioned in April 2023, is expected to achieve first production in 2026, with a gross capacity of approximately 250,000 bopd.
product launchYellowtail Development Startup
Hess Corporation's Yellowtail oil development in Guyana is on track to start up in Q3 2025, with an initial production capacity of approximately 250,000 bopd.
product launch