Murphy Oil Corporation Reports Civette Exploration Well Results Offshore Côte d’Ivoire

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced results from the Civette exploration well in Block CI-502 offshore Côte d’Ivoire. The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals. “A key outcome at Civette is that we confirmed the presence of hydrocarbons in this frontier play – a meaningful success in early-stage exploration. While Civette did not meet commercial thresholds, the well provided insights that strengthen our subsurface understanding for the potential of the basin and inform the remaining prospectivity on the CI-502 Block,” said Eric Hambly, President and Chief Executive Officer. Murphy, together with its partner Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI), will continue its exploration program in Côte d’Ivoire with the Caracal and Bubale prospects, both targeting independent plays with significant resource potential. Murphy holds a 90 percent working interest in Block CI-502 and serves as operator. PETROCI holds the remaining 10 percent. 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. FORWARD-LOOKING STATEMENTS