Talisman discovers oil in Vietnam

Talisman (Vietnam 15-2/01) Ltd. has tested the Hai Su Den (HSD) exploration well offshore Vietnam.

Offshore staff

CALGARY, Alberta -- Talisman (Vietnam 15-2/01) Ltd. has tested the Hai Su Den (HSD) exploration well offshore Vietnam. This is Talisman's second oil discovery in Vietnam in the past year, following the Hai Su Trang (HST) Miocene sandstone discovery on the same offshore block.

The HSD well is in block 15-2/01, 50 mi (80 km) off the east coast of Vietnam, on trend with large oil and gas discoveries in the Cuu Long basin, Talisman says. The well targeted a fractured basement reservoir and was drilled to 11,168 ft (3,404 m) TVD, encountering a hydrocarbon-bearing interval of approximately 2,400 ft (732 m). The well tested at a peak rate of 13,450 b/d of light oil and 6.87 MMcf/d of natural gas, constrained by test equipment.

1/15/2008

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