Talisman Energy Inc., one day after shedding assets in the North Sea, has reported "significant oil rates" at the Hai Su Trang exploration well off Vietnam.
Talisman said Wednesday its Vietnamese unit drilled the well, 80 kilometers (130 miles) east of the Vietnamese coast, to a depth of 3,319 meters (10,886 feet), and it tested at a rate of 14,863 barrels per day.
"These are great results from our first exploration well on the block," Talisman CEO Jim Buckee said.
"Access to high-quality acreage, which has previously only seen the first round of exploration, has allowed Talisman to develop and prove new and attractive play concepts. This block's shallow-water environment should allow us to move quickly and to manage development costs," he said.
The Thang Long joint venture held 60 percent by Talisman and 40 percent by state-owned PetroVietnam Exploration and Production Co. plans three new exploration wells this year to evaluate the area of the discovery, reports AP.
On Tuesday, the Canadian oil and gas company, which has business operations around the world, said it had agreed to sell some of its holdings in the British North Sea for US$550 million (Ђ426 million) as it focuses on more promising developments.
The "high-quality ... but non-strategic" Brae assets were sold to a unit of Abu Dhabi National Energy Co., while Talisman works on "exciting and profitable growth opportunities elsewhere in the North Sea, with 10 subsea developments underway," a company release said.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
This problem is not limited to the situation with the "whale prison" in Russia's Far East, because many people buy tickets to go to oceanariums and turn a blind eye to the problem