S.Korea says consortium in Vietnam finds 4,300-bpd crude

A consortium including South Korea's SK Energy, Vietnam's Petrovietnam Exploration Production Corp and France's Total has produced 4,300 barrels per day crude in an invested Vietnamese field, South Korea said Wednesday.

The ministry of knowledge economy said in a statement the consortium had been exploring crude oil and gas from August in the offshore field where the Korean top oil refiner held 25 percent in stake, the Vietnamese 40 percent and the French oil major the remainder.

The contract for the field, signed in February, 2007 will be effective through February 2032, the statement noted. It added South Korea's two other consortiums in Vietnam are currently producing a combined of 159,300 bpd crude in Vietnam.

Shares of SK Energy rose 2.64 percent to 116,500 won as of 0243 GMT, outperforming against the broader stock market.

thanhnien, Reuters

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