Murphy Oil Corporation has announced new offshore drilling goals covering both the U.S. Gulf of Mexico and Côte d’Ivoire. The company plans to boost production by developing high-return deepwater assets over the next few years.
In the Gulf of Mexico, Murphy will focus on its St. Malo, Front Runner, and Khaleesi-Mormont fields to increase output. In Côte d’Ivoire, exploration will continue in Block CI-525, where recent seismic data shows promising potential. Executives say the company’s offshore strategy balances growth with cost efficiency and lower carbon intensity. Murphy also aims to strengthen partnerships with regional operators and national oil companies.
The firm expects production from new wells to start contributing significantly by 2026. Overall, the expansion marks Murphy’s push to solidify its position as a leading offshore player in the Atlantic region.
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