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ADVISORY/Conoco and Partners Announce Commerciality of Vietnam Sutu Den Discovery; Development Program Supports Aggressive Growth in Southeast Asia.


Business Editors & Energy Writers

ADVISORY...for Monday Monday: see week.  (Aug. 13)

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Conoco (NYSE NYSE

See: New York Stock Exchange
:COCA coca (kō`kə), common name for shrubs of the genus Erythroxylum, particularly E. coca, of the family Erythroxylaceae, and found abundantly in upland regions and on mountain slopes of South America, as well as in Australia, India, ) (NYSE:COCB) and its partners have issued a commercial declaration for the Sutu Den discovery in Block 15-1, offshore Vietnam Vietnam (vēĕt`näm), officially Socialist Republic of Vietnam, republic (v), 128,400 sq mi (332,642 sq km), Southeast Asia. Occupying the eastern coastline of the Southeast Asian peninsula, Vietnam is bounded by China on the north, by Laos .

Conoco expects total future production from the Sutu Den structure to be at least 200 million barrels of oil, with the potential to exceed 400 million barrels of oil. First production is targeted in less than three years, as part of an aggressive development plan for the field.

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Publication:Business Wire
Date:Aug 13, 2001
Words:169
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