SOCO International Company News

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SOCO: Congo Baobab Marine-1 Well Comes up Dry
SOCO International plc announces that the Baobab Marine-1 commitment well has come up dry.
7:00 PM EST | February 25, 2016
British Oil Company Soco Says No Longer Holds Congo Block Permit
Soco International says it no longer holds the exploration licence for a block in eastern Democratic Republic of Congo.
7:00 PM EST | November 02, 2015
SOCO Net Profit, Production Down
SOCO reveals that its net profit and production for the first half of 2015 decreased, compared to the same period last year.
8:00 PM EST | August 04, 2015
Oil producer Soco Profits Halve, Shares Tumble
Oil producer Soco International reports a 54 percent decline in annual profit after being hit by the slump in oil prices.
8:00 PM EST | March 11, 2015
Soco Cuts 2015 Investment Budget to Focus on Vietnam, Africa
Oil producer Soco International reduces its 2015 capital expenditure budget by more than 60 percent versus last year and will focus on projects in Vietnam and Africa, the company says.
7:00 PM EST | January 28, 2015
SOCO Optimistic About Production Potential of Vietnam's Offshore TGT Field
ERC Equipoise assesses that the Te Giac Trang field in Block 16-1 in Vietnam's Cuu Long Basin can produce over 100,000 barrels of oil per day.
7:00 PM EST | December 09, 2014
First Oil from H5 Development in Te Giac Trang Field Planned for 2H 2015
Soco reports that first oil from the H5 development project in Te Giac Trang field offshore Vietnam is targeted for the second half of 2015.
7:00 PM EST | November 13, 2014
Soco International Cuts Full-Year Production Guidance
Africa-focused Independent oil explorer lowers its production guidance for 2014 to between 13,300 and 13,800 barrels of oil per day.
7:00 PM EST | November 12, 2014
SOCO's Congo Well 'Significantly Exceeds' Expectations in Test
SOCO International says its Lidongo Marine 101 ST1 exploration well, offshore Congo, 'significantly exceeded' expectations on testing.
7:00 PM EST | November 03, 2014
Oil Firm Soco To Begin Seismic Testing In Congo's Virunga Park
Soco International will start seismic tests this weekend in Democratic Republic of Congo's Lake Edward, an executive says.
8:00 PM EST | April 22, 2014
SOCO Buys into Offshore Congo Permit
SOCO International agrees to buy a 60-percent stake in, and operatorship of, the Mer Profonde Sud permit offshore Congo.
7:00 PM EST | November 03, 2013
SOCO Completes Testing at TGT-10XST1 Well in Block 16-1 off Vietnam
SOCO completes testing at the TGT-10XST1 well in Block 16-1 in the Cuu Long Basin off Vietnam, with the results exceeding expectations.
8:00 PM EST | October 02, 2013
SOCO Updates on Drilling Operations in Vietnam, Congo and Angola
SOCO provides an operational update on its assets in Vietnam, Congo and Angola.
8:00 PM EST | September 25, 2013
SOCO Updates on Drilliing Operations
SOCO International updates on the company's drilling operations in Vietnam, Congo and Angola.
8:00 PM EST | July 22, 2013
Drilling Begins at TGT-10X Well in Te Giac Trang Field
SOCO reports that drilling has started at the TGT-10X well in the Te Giac Trang field off Vietnam.
8:00 PM EST | June 20, 2013
SOCO Boosts FPSO Capacity Offshore Vietnam
SOCO says that the first test of an FPSO facility at its Te Giac Trang field, offshore Vietnam, has shown it can handle volumes in excess of 55,000 barrels per day.
8:00 PM EST | April 17, 2013
Congo Violence Forces UK Oil Explorer to Halt Operations
Renewed fighting between Congolese rebels and government forces has forced Soco to evacuate workers from its oil exploration camp in the country's restive eastern region, Ugandan police and the company said.
8:00 PM EST | September 24, 2012
Imminent Exploration to Determine Pre-Salt Opportunity
Investment bank Westhouse Securities has highlighted drilling by London-listed junior explorers as being important dates in the pre-salt calendar.
7:00 PM EST | March 08, 2012
SOCO Comes Up Dry Offshore Congo
The exploration well Mindou Marine-1, located offshore in Block Marine XI Congo (Brazzaville), did not encounter oil shows.
8:00 PM EST | October 31, 2011
SOCO Spins Bit Offshore Vietnam
SOCO announced that TGT Phase II development drilling operations have commenced offshore Vietnam with the spudding of the first well at the H4 wellhead platform by jackup PV Drilling I.
8:00 PM EST | October 04, 2011
SOCO Spuds Well Offshore Congo-Brazzaville
Lundin announced that drilling of the exploration well Mindou Marine-1, located offshore in Block Marine XI Congo-Brazzaville, has commenced.
8:00 PM EST | September 06, 2011
SOCO, Partners Tame First Flow from Te Giac Trang Field
SOCO announced the first flow of crude oil and wet gas from the Te Giac Trang Field ('TGT').
8:00 PM EST | August 21, 2011
Hoang Long Expects to Start Production at Te Giac Trang in August
SOCO reported that JOC that it has completed drilling the four "batch" drilled development wells, and commenced drilling an eight development well on the Te Giac Trang development.
7:00 PM EST | March 02, 2011
SOCO Encounters O&G Shows in Congo Nganzi Block
SOCO announced that the wildcat exploration well Bayingu-1 in the Nganzi Block encountered oil and gas shows.
7:00 PM EST | January 16, 2011
Vietnam Overlooks Exploration Extension Request Offshore Vietnam
SOCO been informed by JOC that the initial response from the Government's Ministry of Industry and Trade was not supportive of an extension to the license.
7:00 PM EST | January 09, 2011
SOCO Completes 3rd Development Well Offshore Vietnam
SOCO's subsidiary DRC SPRL has spudded the wildcat exploration well Bayingu-1. SOCO also reported completing the third development well on the Te Giac Trang development.
7:00 PM EST | December 19, 2010
SOCO Abandons 2nd DRC Well
SOCO has reached total depth on the wildcat exploration well Kinganga Nyanya 1 in the Nganzi Block, onshore the Democratic Republic of Congo.
8:00 PM EST | October 26, 2010
SOCO to Plug Vietnam Well on Low Flow Rates
The Te Giac Den appraisal well, TGD-2X, will be plugged and abandoned, as it flowed at sub-commercial rates.
8:00 PM EST | October 11, 2010
SOCO Drills Unsuccessful Well in Congo
SOCO E&P encountered significant hydrocarbon shows at Nganga 1 well but petrophysical interpretation of the logs indicates that these sands are water bearing.
8:00 PM EST | September 02, 2010
Hoang Long Joint Operating Hits Hydrocarbons Offshore Vietnam
Hoang Long Joint Operating announced that appraisal well TGD-2X encountered hydrocarbons in the Cuu Long Basin.
8:00 PM EST | August 31, 2010
Inpex to Take Stake in Congo Block
Inpex has been granted approval by the authority of the Government of the Democratic Republic of Congo to acquire a 20% participating interest of the Nganzi Block with SOCO.
8:00 PM EST | August 24, 2010
SOCO Updates Vietnam, Congo Ops
SOCO provided an update on its operations in Vietnam and the Democratic Republic of Congo.
8:00 PM EST | August 18, 2010
Hoang Long Joint Operating Spins Bit Offshore Vietnam
Hoang Long Joint Operating Company has secured a jackup drilling rig to commence the first phase of the Te Giac Trang field development and appraisal well drilling program.
8:00 PM EST | July 21, 2010
Salamander to Acquire Remaining Interest in Gulf of Thailand License
Salamander's subsidiary, Salamander Bualuang, has reached agreement with SOCO International to purchase SOCO Thailand.
8:00 PM EST | July 19, 2010
SOCO to Farm-Out Congo Block
SOCO has entered into a farm-out agreement wherein it has agreed to farm-out a 20% interest in the Nganzi Block to INPEX.
8:00 PM EST | July 14, 2010
SOCO Granted Presidential Decree for Congo Block
SOCO reported that the Production Sharing Agreement for Block 5 in the Democratic Republic of Congo (DRC) has received the Presidential Decree.
8:00 PM EST | June 27, 2010
Maersk Convincer Secured for Offshore Vietnam Basin
SOCO has been informed the jack up rig Maersk Convincer has been secured to drill the Te Giac Den 2X appraisal well.
8:00 PM EST | May 20, 2010
SOCO Notes 'Most Active Drilling Program in History'
SOCO posted its Interim Management Statement for the period from January 1, 2010 to May 17, 2010 detailing its operations in south east Asia and Africa.
8:00 PM EST | May 16, 2010
SOCO Secures Rig for Congo Block
SOCO has secured the services of the onshore drilling rig, Caroil #1, for its exploration drilling program in the Nganzi Block, onshore the Democratic Republic of Congo.
8:00 PM EST | April 18, 2010
Offshore Resolute Spins Bit Offshore Vietnam
SOCO has been informed by the Hoan Vu Joint Operating Company that the second phase of development has begun on the Ca Ngu Vang oil and gas field.
8:00 PM EST | April 05, 2010
SOCO: 2009 Marked Strongest Results to Date
"2009 are our strongest results to date, marked by start up of activities on our largest development project, record cash position and successful launch of our exploration program," commented Chief Executive Ed Story.
8:00 PM EST | March 23, 2010
SOCO Tests Positive Oil, Gas Flows in Marine XI Block
The Viodo Marine 4 vertical appraisal well located in the Marine XI Block offshore the Republic of Congo has tested at a combined maximum flow rate of approximately 2,600 bopd and 7 mmscfd following two drill stem tests.
7:00 PM EST | November 22, 2009
Viodo Appraisal Well Spudded in Congo Basin's Marine XI Block
SOCO announced the spudding of the Viodo 4 appraisal well, located in the Marine XI Block offshore the Republic of Congo.
8:00 PM EST | September 20, 2009
Vietnam Govt Gives Green Light for Offshore Te Giac Trang Devt
The Ministry of Industry and Trade, on behalf of the Vietnamese Government, has approved the Development Plan for the Te Giac Trang field, operated by the Hoang Long Joint Operating Company.
8:00 PM EST | September 20, 2009
Pride Cabinda Moves On from Plugged Well in Congo Basin
The Liyeke Marine 1 well, spudded on August 22, 2009 in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo, was plugged and abandoned after reaching a total depth of 1,140 meters.
8:00 PM EST | September 07, 2009
Lundin Spuds Liyeke Marine-1 Offshore Congo
Lundin Petroleum AB (Lundin Petroleum) on Monday announced that drilling of the exploration well Liyeke Marine-1, located in Block Marine XI Congo, has commenced.
8:00 PM EST | August 23, 2009
SOCO Cites Strong Cash, Liquid Investment Balance Exiting 2Q
"SOCO has continued to perform strongly, progressing its key development projects, increasing production and setting the stage for the most extensive exploration campaign in the Company's history," said Chief Executive Ed Story.
8:00 PM EST | August 11, 2009
SOCO Makes Headway in African, Southeast Asian Operations
SOCO will begin drilling in Congo this month, and the company is awaiting final regulatory approval for its Vietnam development projects.
8:00 PM EST | August 11, 2009
SOCO Overviews Ongoing Operations in Southern Asia, Africa
SOCO has presented its Interim Management Statement for the period from January 1, 2009 to May 12, 2009.
8:00 PM EST | May 12, 2009
Vietnam OKs Block 16-1 Appraisal Areas in Cuu Long Basin
SOCO International was informed by the operator of Block 16-1 in the Cuu Long Basin offshore Vietnam that the Vietnamese Government has approved the application for two appraisal areas within the block.
8:00 PM EST | April 07, 2009