Talisman to produce oil in Vietnam, PNG in next 2 years

The field’s production will peak at about 15,000 barrels per day (bpd) and its output will be tied to export facilities at neighboring Te Giac Trang field, said Blakeley, who oversees Talisman’s operations in the Asia Pacific. The Canadian company expects to start drilling at the Hai Su Trang and Hai Su Den fields offshore Vietnam in the fourth quarter with crude production to start in the middle of next year, Paul Blakeley, an executive vice president at Talisman, told Reuters on the sidelines of an industry conference.

Soco International PLC operates the 55,000 bpd Te Giac Trang (TGT), or White Rhino, field in block 16-1, lying 100 km (62 miles) southeast of Vietnam’s southern city of Vung Tau.

In Papua New Guinea, Talisman expects to start Stanley condensate production in 2014, Blakeley said, with about 5,000 bpd produced in the first phase and gradually increased.

Talisman is also due at the end of this year to take over the Kinabalu field in Malaysia from Royal Dutch Shell, Blakeley said.

"It will bring immediate production next year" of 10,000 bpd, he said, adding that the field’s output could double with further development.