Production to Start Soon at Hai Su Trang

HANOI - State-owned Petrovietnam and Talisman Energy Inc. are expected to start commercial oil production from Hai Su Trang field offshore Vietnam next week, Petrovietnam said Monday. 

The field in Block 15-2/01, more than 100 kilometers south of Ba Ria Vung Tau province, is operated by Thang Long Joint Operating Co., in which Talisman holds a 60% stake and Petrovietnam 40%. 

Petrovietnam earlier said Hai Su Trang had an oil flow of 15,000 barrels a day. 

Petrovietnam said in a statement Monday that Talisman seeks to expand its oil and gas operations in Vietnam as well as other countries to meet Vietnam's rising demand for fuels, especially natural gas. 

The statement came after a meeting between Petrovietnam CEO Do Van Hau and Talisman CEO Harold N. Kvisle in Canada over the weekend.

 

Copyright (c) 2012 Dow Jones & Company, Inc.

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