Talisman Successful with Song Doc-1X Well Offshore Vietnam

Truong Son Joint Operating Company has made an oil discovery in Block 46/02 offshore Vietnam.

Song Doc - 1X is the first exploration well to be drilled by the Company since being awarded the block in December 2002. It successfully tested the Song Doc prospect in Vietnam Block 46/02. Block 46/02 is located adjacent to the Talisman operated Block PM-3 of the Malaysia-Vietnam Commercial Arrangement Area (PM-3 CAA) while Song Doc is situated some 13 kilometers northwest of PM-3 CAA Bunga Kekwa C wellhead platform.

The well flowed at a rate of 7,300 bbls/d of 38 degrees API oil but was constrained by testing equipment. Reserves potential for the discovery is being evaluated.

Truong Son JOC is a Joint Operating Company established by the Contractor Parties: PETROVIETNAM EXPLORATION AND PRODUCTION COMPANY holds a 40% interest; TALISMAN (VIETNAM 46/02) LTD, a wholly-owned subsidiary of Talisman Energy Inc, holds a 30% interest; and PETRONAS CARIGALI OVERSEAS SDN. BHD., a wholly-owned subsidiary of PETRONAS, the national petroleum corporation of Malaysia, holds a 30% interest.