News

Project

Staff Reporter

, Vietnam

Published:

11 years ago

Vietnamese and Canadian partners to begin commercial oil production

Hai Su Trang offshore field has an oil flow of 15,000 barrels a day.

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

The field, located some 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 is Vietnam’slargest oil producer and second-largest power producer. Talisman Energy is one of Canada's largest independent oil and gas companies.

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

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