Total reports another offshore Vietnam discovery

Total E&P Vietnam has made an oil discovery in block 15-1/05 in the Lac Da Vang prospect offshore Vietnam. The well is 125 km (78 mi) east of Vung Tau, 65 km (40 mi) offshore, and in 48 m (157 ft) of water.

Offshore staff

PARIS – Total E&P Vietnam has made an oil discovery in block 15-1/05 in the Lac Da Vang prospect offshore Vietnam. The well is 125 km (78 mi) east of Vung Tau, 65 km (40 mi) offshore, and in 48 m (157 ft) of water. The well tested at up to 3,500 b/d of 43º API oil.

This is the second discovery on the block, following the Lac Da Nau discovery late last year.

Phu Quy Petroleum Co., a Petrovietnam subsidiary, is operator with 40% interest. Total E&P has 35% and SK Energy the remaining 25%.p

09/30/2010

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