Murphy Oil expects first oil from Lac Da Vang field in Vietnam in 2026

Murphy Oil

03/11/2023 05:17

HANOI, Nov 3 (Reuters) - Murphy Oil Corp  MUR.N  expects
first oil from Lac Da Vang field in Block 15-1/05 in the Cuu
Long Basin, offshore Vietnam, in 2026, the U.S. company said. 
    The firm's board of directors have sanctioned the
development of the project, where the company holds a 40%
working interest, it said in a statement on Thursday. 
    The field has an estimated ultimate recovery of 100 million
barrels of oil equivalent, it said.

 (Reporting by Khanh Vu)
 ((khanh.vu@thomsonreuters.com; +84 24 38259623;))