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Murphy Oil announces major discovery in Vietnam with up to 430 million barrels

Murphy Oil confirms recoverable reserves at the upper end of 430 million barrels in the Cuu Long Basin, marking the largest oil discovery in Southeast Asia in the past twenty years.

Murphy Oil announces major discovery in Vietnam with up to 430 million barrels

CountriesIndonésie, Malaisie, Papouasie-Nouvelle-Guinée, États-Unis, Vietnam
CompaniesMurphy Oil, TotalEnergies, Pertamina
SectorPétrole
ThemeInvestissements & Transactions

Murphy Oil has confirmed a significant oil discovery offshore Vietnam in the Cuu Long Basin, with recoverable reserves now estimated at up to 430 million barrels of oil equivalent (mmboe). The HSV-2X appraisal well, drilled in the Hai Su Vang (HSV) field, encountered 429 feet of oil across two reservoirs, tested at a flow rate of 6,000 barrels per day with 37° API crude. This positions HSV as the most substantial oil discovery in Southeast Asia in the last two decades.

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