Talisman Energy to Invest Additional US$1.1 Bln in Southern Vietnam Oilfields
Talisman Energy will invest an additional US$1.1 billion to develop Hai Su Den and Hai Su Trang oil fields offshore southern Vietnam, Mr. Michael Horn, acting chief of Talisman Vietnam Limited said.
Thang Long Joint Operating Company (Thang Long JOC) with a 60 per cent stake by Talisman Energy of Canada and a 40 per cent stake by PetroVietnam Exploration Production Corp., or PVEP found the oil fields in 2007.
The oil fields are located in Block 15-2/01 in the Cuu Long Basin, 60 miles off the east coast ranging from central Binh Thuan province to southern Ba Ria – Vung Tau province.
Hai Su Trang was tested in December 2006 with an oil flow of 15,000 barrels a day, while Hai Su Den was tested in January 2009 to have an oil flow of 21,000 barrels a day, the Vietnam Economic Times newspaper said.
Thang Long JOC has recently clinched deals with four partners to design, insure and install oilrigs in a bid to prepare for commercial oil production at Hai Su Den and Hai Su Trang oil fields in the fourth quarter of 2011. (Investment)
Vietnamese
