Friday, January 18, 2008

Canada Talisman-led venture finds oil offshore Vietnam

HO CHI MINH CITY, Jan 18 (Reuters) - A Vietnam oil venture led by Canada's Talisman Energy Inc (TLM.TO: Quote, Profile, Research) has discovered a new offshore oil field in Vietnam with potentially sizeable crude oil reserves, state media reported on Friday.

The Thang Long Joint Operating Company, 40-percent owned by state oil Petrovietnam and 60 percent by Talisman, Canada's No. 3 independent oil producer, said tests at the oil field, named Hai Su Den (Black Sea Lion), showed a crude oil flow of 15,000 barrels per day, the Tuoi Tre newspaper reported.

The oil field is located in block 15-2/01, about 60 km off the coast of the southern oil hub province of Ba Ria Vung Tau, the report said.

(Reporting by Nguyen Nhat Lam; Editing by Valerie Lee)