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Soco Vietnam Oil Company Valuation

Easy explanation on how to calculate the value of an oil company using Soco international as an example.

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China Snaps Up Shabwa Field

FT: Soco International on Monday announced the sale of its operation in Yemen to Sinochem, China’s state-run oil trader, $465m….. The Yemen assets sold by Soco to the Chinese group comprise a 16.8 per cent stake in the East Shabwa area. The licence is operated by Total. Net proven reserves attributable to Soco’s stake are put [...]

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SOCO International Announces Successful Vietnam Appraisal Well

The Company's majority owned subsidiary, SOCO Vietnam Ltd., announces that the Te Giac Trang appraisal well, the TGT-7X on Block 16-1 in the Cuu Long Basin offshore Vietnam, flowed at a combined maximum rate of approximately 8,100 barrels of oil per day (“BOPD”) from two drill stem tests (“DSTs”). The TGT-7X well was drilled to test a separate, previously untested fault block, designated H3N,

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Golden Tuna field output seen at 20,000 bpd

Vietnam's Ca Ngu Vang (Golden Tuna) offshore oilfield, which came on stream on Friday, is expected to produce up to 20,000 barrels per day of crude oil, the field's operator said on Monday. SOCO International (SIA.L) and its partners, Petrovietnam and PTTEP Hoan-Vu, said the first flow of crude oil and wet gas from the offshore field, on block 9-2, occurred last Friday. "The field is expected

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Soco, PetroVietnam Produce First Oil From CNV Field in Vietnam

Soco International Plc, a U.K. oil explorer operating in Africa and Asia, and Viet Nam Oil & Gas Group started pumping oil and gas from the Ca Ngu Vang field in Viet Nam. The partners have already drilled four wells at the CNV field and started production on July 25, Soco said today in a statement distributed through the Regulatory News Service. Daily production is expected to be between 10,000

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Soco International Plugs Vietnam Well After Finding Oil Shows

Soco International Plc, a U.K. oil explorer operating in Africa and Asia, plugged and abandoned its Te Giac Den 1X-ST1 well at Prospect E in Viet Nam after failing to record sufficient flow rates following two tests. The well found about 120 meters (390 feet) of oil and gas shows, confirming the presence of oil in the area for further appraisal drilling, the London-based company said today in a

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Soco sees good prospects in Vietnam well

Soco International's TGD prospect off the coast of Vietnam could hold 1bn barrels of oil and gas, the company's chief executive has said, even as it reported...

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Soco International bubbles up but the news leaves shareholders deflated

That shares in Soco International had risen nearly 12 per cent in the space of a week provided the clearest possible signal that a drilling update from the oil explorer’s closely followed operations offshore Vietnam was on its way.

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Hoang Long confirms more hydrocarbon finds

Hoang Long Joint Operating Co. (JOC) confirmed the presence of hydrocarbons in the Te Giac Den 1X (TGD-1X) discovery in Block 16-1 offshore Viet Nam. A drill stem test conducted on TGD-1X flowed gas and condensate to the surface, according to Hoang Long's partner, SOCO International. However, no testing results are provided at the moment due to significant downhole damage sustained during

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Soco Finds Oil at its Viet Nam Te Giac Den 1X Sidetrack Well

Soco International Plc, an oil explorer in Asia and Africa, said it found oil at its Te Giac Den 1X sidetrack well in Viet Nam and expects to have the results of a second test by the end of the month. Soco said further tests also showed flows of 14,490 barrels of oil a day at its TGT-6X well, the London-based company said today in a statement distributed by the Regulatory News Service.

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Tempus analysis: Foiled strike

That shares in Soco International had risen nearly 12 per cent in the space of a week was the clearest possible indicator that a long-awaited update on the oil explorer’s offshore drilling campaign in Vietnam was on its way.

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Soco says Vietnam's Block 9-2 field on schedule despite installation delay

Soco International Plc said the Block 9-2 oil project in Viet Nam remains on course to begin production by the end of July despite delays in installing certain facilities on the field. 'A high sea state has intermittently shut down operations of the pipe lay barge thus causing some delay on the installation of the production and water pipelines between the unmanned CNV well head platform and the

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Research and Markets: Essential Source for Top-level Company Information and Detailed Data for Soco International Plc

Research and Markets: Essential Source for Top-level Company Information and Detailed Data for Soco International Plc DUBLIN, Ireland--()--Research and Markets () has announced the addition of "Soco International Plc, Oil and Gas Valuation Report" to their offering. This profile is the essential source for top-level company information and detailed data. The report provides exhaustive information on...

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Soco says Viet Nam well drilling still in progress

Oil and gas explorer Soco International said it noted the recent fall in its share price and confirmed that drilling is still in progress on the Te Giac Den sidetrack well, offshore Viet Nam. The group said the information gathered while drilling through the Oligocene section is insufficient at this point to determine the likelihood that the interval would be productive or not. “The higher mud