Truong Son Joint Operating Co. Fires Up Production at Song Doc Field

Talisman (Vietnam 46/02) Ltd., a wholly owned subsidiary of Talisman Energy Inc., has announced first oil production from the Song Doc field in Block 46/02 offshore Vietnam.

Gross production from five pre-drilled wells is expected to reach approximately 25,000 bbls/d by early 2009. An additional three development wells are currently being drilled. Talisman's share of proved and probable reserves in the Song Doc field is estimated at 6 mmbbls, with proved reserves of 3 mmbbls.

Talisman has a 30% interest in Block 46/02 and in the Truong Son Joint Operating Company, which operates the Block. Co-venturers are PetroVietnam Exploration and Production Company at 40% and Petronas Carigali Overseas Sdn Bhd with the remaining 30%.

The Song Doc field facilities comprise a Floating Production Storage and Offloading (FPSO) vessel and wellhead platform. The FPSO is a tanker conversion carried out by MODEC at the COSCO yard in Dalian, China. The Song Doc wellhead platform was fabricated by Petroleum Technical Services Company in Vung Tau, Vietnam.

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