By Sungwoo Park
Oct. 21 (Bloomberg) -- South Korean companies plan to double daily crude oil production at the 15-1 Block in Vietnam by the end of this year.
State-owned Korea National Oil Corp. and SK Energy Co., South Korea's biggest oil refiner, expect output to rise to 100,000 barrels a day from 50,000 barrels now, the Ministry of Knowledge Economy said in an e-mailed statement today.
Korea National Oil operates the block jointly with ConocoPhillips, the second-largest U.S. refiner, and a Vietnamese company, the ministry said in the statement.
To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net.
Tuesday, October 21, 2008
South Korean Group Aims to Double Vietnam Block Oil Production
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