SK earthon begins oil production at offshore field in Vietnam
SK earthon, a Korean oil exploration and production (E&P) company, said Tuesday oil production has recently begun at an offshore field in Vietnam where it holds a stake. U.S.-based Murphy Oil Corp., the operator of Block 15-1/05, began production at the Lac Da Vang field in the Cuu Long Basin late last month, SK earthon said in a press release. SK earthon holds a 25 percent stake in the block,…
SK earthon, a Korean oil exploration and production company, announced on Tuesday that oil production has commenced at an offshore field in Vietnam, where it holds a 25% stake. The Lac Da Vang field, operated by Murphy Oil Corp., began production late last month, with SK earthon, Murphy Oil, and Vietnam's state-run PetroVietnam Exploration Production Corp. (PVEP) each holding a 25%, 40%, and 35% stake, respectively.
The block is estimated to contain total oil reserves of 60 million barrels, with production expected to reach up to 25,000 barrels per day when fully developed. SK earthon plans to expand its oil exploration and development activities in Vietnam to secure a stable energy supply amid rising geopolitical tensions and supply chain disruptions.
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- SK earthon begins oil production at offshore field in Vietnam en.yna.co.kr
- SK earthon begins oil production at offshore field in Vietnam koreatimes.co.kr
