Source Pravda.Ru

Talisman Consortium Awarded Vietnamese Exploration Block 46/02

Talisman Energy Inc. announced that a consortium including Talisman Vietnam Limited (30%), Petronas Carigali Overseas Sdn Bhd (30%) and PetroVietnam Exploration and Production Company (40%) has been awarded exploration Block 46/02 offshore Vietnam. Petronas Carigali Overseas is the exploration and production subsidiary of Malaysia's state owned Petronas while PetroVietnam Exploration and Production Company is a subsidiary of PetroVietnam, the national oil company of Vietnam. The award is still subject to final approvals by the Government of the Socialist Republic of Vietnam and execution of a Petroleum Contract and joint perating arrangement. "We are excited about the oil and gas potential of the area," said Dr. Jim Buckee, President and Chief Executive Officer. "Block 46/02 is located adjacent to our ongoing development in the Malaysia/Vietnam PM-3 Commercial Arrangement Area (PM-3 CAA) and is interpreted to contain an extension to the PM-3 CAA play. The block offers the potential for a number of small field discoveries which can be quickly and economically tied back to the PM-3 CAA facilities. The award of Block 46/02 represents a key step in our strategy to grow our Vietnam/Malaysia business." Block 46/02 has an area of three million acres and is located approximately 100 miles off the southern coast of Vietnam adjacent to the PM-3 CAA block boundary in 120-150 feet of water. A number of oil and gas discoveries were made by the previous operator of the block, which flowed at rates up to 5,500 bbls/d of oil and 26 mmcf/d of low carbon dioxide gas. The consortium's commitment on Block 46/02 includes conducting a three-dimensional seismic survey and a four well exploratory drilling program during the initial three year exploration phase.

Visit to

&to=http://www.talisman-energy.com/' target=_blank>TALISMAN-ENERGY

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Comments
Putin parades Russia's new 'fantastic' weapons that no one else in the world has
Americans obtain secret information about Russia’s new Avangard missiles
Serbia will recognize Kosovo only over its dead body
Americans obtain secret information about Russia’s new Avangard missiles
Putin does not exclude war with Ukraine in Donbass
Russian party girl Nastya Rybka refuses to please Washington
Serbia will recognize Kosovo only over its dead body
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Putin warns of consequences should Georgia and Ukraine become NATO members
The Big Brexit mistake
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Putin makes first public comment on Russian pension reform
Russian party girl Nastya Rybka refuses to please Washington
Americans obtain secret information about Russia’s new Avangard missiles
Americans obtain secret information about Russia’s new Avangard missiles