Yellow Lion Field Fires Up Production Offshore Vietnam

Cuu Long Basin
(Click to Enlarge)

Cuu Long Joint Operating Co. has commenced oil production from the Su Tu Vang (Yellow Lion) field located in Block 15-1 offshore Vietnam, according to a Dow Jones Newswire citing the Thoi Bao Kinh Te newspaper. Su Tu Vang, estimated to be Vietnam's fourth-largest field, is situated in the Cuu Long Area near the Bach Ho, Rang Dong and Ruby Fields and was discovered in 2001. The 'Yellow Lion' field is set to produce 65,000 barrels of crude per day.

Block 15-1 is located in the Cuu Long basin in the South China Sea. In addition to the Su Tu Den discovery, which began production in late 2003, four fields have been discovered in Block 15-1, including the Su Tu Vang discovery: Su Tu Den Northeast, discovered in 2002; Su Tu Trang, discovered in 2003; and Su Tu Nau, discovered in 2005. Following Su Tu Vang's start-up, first production from Su Tu Den Northeast is expected in 2010.
CLJOC, the company that operates Block 15-1, is 50% held by PetroVietnam Exploration and Production. The remainder is owned by ConocoPhillips, 23.25%; Korea National Oil Corp., 14.25%; SK Corp., 9.00%; and Geopetrol SA, 3.50%.
Related Companies
 Company: ConocoPhillipsmore info

 - Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks (Mar 30)
 - ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in C$17.7B Deal (Mar 29)
 - ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn (Mar 7)
 Company: Korea National Oil Corp.more info

 - KNOC Seeking to Invest in US Shale Gas (Jul 11)
 - DSME Secures Rig Order for Kazakh Oil Search (Apr 16)
 - Korea Firms to Boost Overseas Spending (Jan 19)
 Company: PetroVietnammore info

 - Hydrocarbons Encountered at Te Giac Trang Field Offshore Vietnam (Dec 20)
 - Russia's Rosneft To Sell 96M Tons Of Crude Oil To Petrovietnam (Sep 23)
 - PetroVietnam Posts Revenue of $11.3B in First Seven Months of 2016 (Aug 12)
 Company: SK Corp.more info
 - Peru to Sign 20 Hydrocarbon Exploration Contracts in '10 (Dec 28)
 - Yellow Lion Field Fires Up Production Offshore Vietnam (Oct 27)
 - South Korean Oil Cos. Make Move on Gulf of Mexico (Feb 28)
 Company: Cuu Long Joint Operation Companymore info
 - PTSC M&C Clinches EPCIC Contract for Su Tu Nau Project in Block 15-1 (Dec 10)
 - Vietnam Cuu Long JOC Turns on Taps Offshore Vietnam (Aug 18)
 - Yellow Lion Field Fires Up Production Offshore Vietnam (Oct 27)
 Company: GeoPetrolmore info
 - Board Changes at Andes Energia (Aug 21)
 - Yellow Lion Field Fires Up Production Offshore Vietnam (Oct 27)
 - Brownstone, Partners Plan Drilling on NW Indian Block in Q1 2009 (Jul 16)

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Water Truck CDL Driver
Expertise: Production Operator|Truck / HGV Driver
Location: Killdeer, ND
Frac Equipment Operator
Expertise: Fracturing
Location: San Antonio, TX
Frac Equipment Operator - Oklahomo City
Expertise: Fracturing
Location: Oklahoma City, OK
search for more jobs

Brent Crude Oil : $52.96/BBL 1.03%
Light Crude Oil : $50.35/BBL 1.69%
Natural Gas : $3.19/MMBtu 0.63%
Updated in last 24 hours