Offshore staff
EL DORADO, ARK — Murphy Oil’s board has sanctioned the Lac Da Vang field development offshore southern Vietnam in the Cuu Long Basin.
The company operates the surrounding Block 15-1/05, in partnership with PetroVietnam Exploration Production and SK Earthon.
According to Murphy’s latest results presentation, the partners plan a phased development through 2029, with first oil in 2026 and eventual peak production in the range 30,000 to 40,000 boe/d. Lac Da Vang holds estimated recoverable resources of up to 100 MMboe.
Elsewhere on the block, the partners are looking to drill the Lac Da Hong exploration well next year, pursuing potential resources of 65-135 MMboe. And on offshore Block 15-2/17, Murphy plans a well on the Hai Su Vang prospect which could contain 170-430 MMboe.
Offshore Côte d’Ivoire, the company has started a review of commerciality and potential field development concepts for the Paon oil discovery in Block CI-103. Seismic reprocessing is also underway.
In the US Gulf of Mexico, the company is advancing preparations to resume drilling the Oso #1 (Atwater Valley 138) exploration well, targeting 155 MMbbl to 320 MMbbl of oil.
Late in the third quarter, production from a well on the operated Neidermeyer Field had to be shut in after a mechanical issue developed. Another well in the operated Dalmatian Field remains offline following a mechanical hitch that occurred earlier in the year; in both cases, workovers are planned in 2024.
11.02.2023
