Oil and gas firm Talisman Energy said today oil production had started from its Hai Su Trang and Hai Su Den (HST/HSD) developments, offshore Vietnam.
Canadian-based Talisman had said earlier this month it was on track to meet its cash-flow targets for 2013 despite first-quarter losses of £137million.
The HST/HSD development is located on the western edge of Vietnam’s Cuu Long Basin and gross production was expected to reach 15,000 barrels per day once the facilities are fully commissioned.
Paul Blakeley, executive vice president Asia-Pacific, said: “We are delighted to have achieved first oil ahead of schedule and under budget.
“This development will help Talisman meet its regional and corporate objectives of adding near-term, high-margin liquids volumes and associated cash flow.”
Talisman has recently concentrated on two core operating areas in the Americas (North America and Colombia) and Asia-Pacific.
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