BRIEF-Thai PTTEP: Vietnam 16-1 project to raise crude output in Q4

11-Jul-2012 Intellasia | Reuters | 7:01 AM Print This Post

Thailand’s PTT Exploration and Production Pcl :

* Production of crude oil from the Te Giac Trang Field of Vietnam 16-1 project is expected to increase to 55,000 barrels of oil per day (bpd) in the fourth quarter this year from 41,000 bpd, it said in a statement

* The field is located off the southern coast of Vietnam, about 100 km from Vung Tau province; oil production commenced in August 2011

* PTTEP currently has invested in 4 exploration and production projects in Vietnam

http://www.reuters.com/article/2012/07/09/pttep-vietnam-idUSL3E8I92HI20120709

 

Category: Business

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