Talisman Energy Inc. has announced first oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore Vietnam. Gross production is expected to reach 15,000 bbls/day once the facilities are fully commissioned.

"We are delighted to have achieved first oil ahead of schedule and under budget," said Paul Blakeley, EVP Asia-Pacific. "This development will help Talisman meet its regional and corporate objectives of adding near-term, high-margin liquids volumes and associated cash flow. In addition, it will allow us to evaluate the further development potential of the HSD field.

"I would like to thank our colleagues from PetroVietnam and its subsidiary, PetroVietnam Production Exploration Corporation (PVEP), as well as PTSC, the EPCI contractor, and PV Drilling. Working closely together, we have been able to deliver first oil in less than 18 months from project sanction. This is a remarkable achievement, and consistent with Talisman's objective of bringing projects on-stream safer, better, faster and at lower cost."

Tags: Talisman Energy