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Murphy Oil Expects First Oil from Lac Da Vang Field in Vietnam in 2026

November 3, 2023

Murphy Oil Corp expects the first oil from the 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.

(Reuters - Reporting by Khanh Vu)

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