PetroVietnam to ramp up Su Tu Den

Production push: PetroVietnam eyes Block 15-1 outpu increase

State player PetroVietnam expects new wells to double the oil output of its Su Tu Den (Black Lion) offshore oilfield to 80,000 barrels per day by the end of the year, according to a report.

The Hanoi-headquartered operator is expecting to hit the new production level at the Block 15-1 field sometime in the fourth quarter, industry sources told Reuters, which said the company did not respond to requests for comment on the issue.

Su Tu Den has been producing since 2003 to a floating production, storage and offloading vessel that had an original capacity of 65,000 bpd expandable to 110,000 bpd.

The field is one of a number at the block run by the Cuu Long Operating Company, which is operated by PetroVietnam along with partners Perenco, Korea National Oil Corporation, SK Corporation and Geopetrol.

South-east Asia's third largest oil producer, Vietnam has been striving to revive national output that has been falling for the past decade.

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