Updated Te Giac Trang FFDP Approved

RNS Number : 0113X

Soco International PLC

16 February 2017

 

SOCO International plc

("SOCO" or the "Company")

Updated Te Giac Trang FFDP Approved

SOCO, an international oil and gas exploration and production company, announces that the Hoang Long Joint Operating Company has received from the Government of the Socialist Republic of Vietnam the formal approval of the updated Full Field Development Plan ("FFDP") for the Te Giac Trang ("TGT") Field, offshore southern Vietnam.

The FFDP was formally submitted to the relevant authorities in Q4/2016.  With this, we have approval of up to 18 additional wells, with locations and additional support to be provided at a later date, and the addition of new processing equipment to be installed on the H1-WHP. The processing equipment will be designed to handle 90,000 barrels of liquid per day with specific water handling capacity of up to 65,000 barrels of water per day.

ENQUIRIES:

SOCO International plc

Antony Maris, Chief Operating Officer

Tel: [phone]

Bell Pottinger

Nick Lambert

[e-mail]

Tel: [phone]

Elizabeth Snow

[e-mail]

Tel: [phone]

NOTES TO EDITORS

SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.

 

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