Total Makes Vietnam Oil Discovery

22 November 2009 (Last Updated November 22nd, 2009 18:30)

Total subsidiary Total E&P Vietnam, together with its partners, has announced an oil discovery in the Lac Da Nau prospect offshore Vietnam. The 15-01/05 LDN-1X exploration well is the first well drilled and the first discovery made on block 15-01/05 and lies approximately 110km to

Total subsidiary Total E&P Vietnam, together with its partners, has announced an oil discovery in the Lac Da Nau prospect offshore Vietnam.

The 15-01/05 LDN-1X exploration well is the first well drilled and the first discovery made on block 15-01/05 and lies approximately 110km to the east of Vung Tau, about 65km off the coast.

The well was drilled in a water depth of 45m and produced 4,200bpd of 44 API° oil during tests performed in the basement, Total said in a statement.

Phu Quy Petroleum Operating Exploration and Production Company, a subsidiary of Petrovietnam Exploration and Production Corporation, is the operator of block 15-1/05 with a 40% stake.

The other partners on block 15-1/05 are Total E&P Vietnam (35%) and SK Energy (25%).