• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Busy port with cargo ships and industrial facilities. - Supply Chain News

Murphy Oil Sanctions Offshore Vietnam’s Lac Da Vang Field Development

11/03/2023
Pietermaritzburg & Midlands Chamber of Business Nominated for the Go Global Awards 2025

Pietermaritzburg & Midlands Chamber of Business Nominated for the Go Global Awards 2025

10/22/2025
Goenvi Technologies Accelerates Global Push in Carbon Removal and Circular Economy Solutions

Goenvi Technologies Accelerates Global Push in Carbon Removal and Circular Economy Solutions

10/21/2025
Trump Hints at Possible Tariff Reductions if China Offers New Trade Concessions

Trump Hints at Possible Tariff Reductions if China Offers New Trade Concessions

10/20/2025
U.S. Tariff Threat on Foreign Films Raises Concerns in the U.K. Industry

U.S. Tariff Threat on Foreign Films Raises Concerns in the U.K. Industry

10/20/2025
U.S. Moves to Cut Aid and Impose Tariffs on Colombia

U.S. Moves to Cut Aid and Impose Tariffs on Colombia

10/20/2025
Rising Tariffs Brew Challenges for U.S. Coffee Industry

Rising Tariffs Brew Challenges for U.S. Coffee Industry

10/20/2025
Tariffs Drive Up Costs and Shortages for U.S. Consumers

Tariffs Drive Up Costs and Shortages for U.S. Consumers

10/20/2025
International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

10/16/2025
Company Spotlight: KRIEGER Worldwide | Norman Krieger, Inc.

Company Spotlight: KRIEGER Worldwide | Norman Krieger, Inc.

10/16/2025
Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

10/16/2025
Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

10/16/2025
International Logistics Express, Inc. Nominated for the Go Global Awards 2025

International Logistics Express, Inc. Nominated for the Go Global Awards 2025

10/16/2025
supplychainreport
Thursday, October 23, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Murphy Oil Sanctions Offshore Vietnam’s Lac Da Vang Field Development

by Richie
11/03/2023
in Compliance, Sanctions

Murphy Oil Corporation has recently announced its approval for the development of the Lac Da Vang field, located in Block 15-1/05 within the Cuu Long Basin offshore Vietnam. This field is estimated to contain approximately 100 million barrels of oil equivalent (BOE) in gross recoverable resources.

Development Timeline and Production Expectations

YOU MAY ALSO LIKE

Swiss Security Solutions LLC Nominated for the Go Global Awards 2025

RightVantage Exim Launches Free Tariff Analysis Tool

  • The project envisions first oil production in 2026, with development activities extending through 2029.
  • Peak gross production from the Lac Da Vang field is anticipated to range between 30,000 and 40,000 barrels of oil equivalent per day (BOE/D). This translates to a net production of 10,000 to 15,000 BOE/D for Murphy Oil, the project’s operator.

Partnerships and Ownership

  • Murphy Oil holds a 40% working interest in Block 15-1/05, serving as the operator of the project.
  • Collaborating partners in this venture include PetroVietnam Exploration Production (35%) and SK Earthon (25%).

Project Background

  • Block 15-1/05 was originally awarded to local operator PVEP and Korean entity SK Corporation in 2007.
  • In 2009, the partners embarked on exploratory drilling with the LDN-1X well and discovered the Lac Da Nau oil field.
  • Subsequently, in the following year, the LDV-1X well was drilled, leading to another oil discovery.
  • Murphy Oil acquired a stake in the field in 2018, solidifying its involvement in the project.

Future Exploration Plans

  • Murphy Oil has plans to expand its exploration efforts in the region. In 2024, the company intends to move forward with the Lac Da Hong exploration well.
  • Block 15-1/05’s Lac Da Hong prospect presents a gross resource potential ranging from 60 million BOE to 135 million BOE.
  • Additionally, the company is preparing for an exploration test at the Hai Su Vang prospect within Block 15-2/17 for the following year. The prospect holds an estimated resource potential of 170 million BOE to 430 million BOE.

Stay on top of supply chain news with The Supply Chain Report. Enhance your international trade knowledge with free tools from ADAMftd.com.

#MurphyOil #LacDaVangField #CuuLongBasin #VietnamOil #OffshoreOil #EnergyExploration #OilProduction #EnergyDevelopment #PetroVietnam #SKEarthon #ExplorationWell #OilFieldDevelopment #OilPartnerships #OilResources #EnergySector #OilDiscovery #VietnamEnergy #SustainableEnergy #FutureOilExploration

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.