Vietnam

Vietnam At A Glance

We acquired Block 46 Cai Nuoc PSC from Repsol on 24 January 2022 as part of the same acquisition which included three Malaysian PSCs and the PM3 CAA PSC. It lies adjacent to PM3 CAA and oil produced from Block 46 Cai Nuoc PSC flows into the PM3 CAA facilities.

Asset Name:
Block 46 Cai Nuoc PSC

Licence:
Block 46 Cai Nuoc PSC

Hibiscus Petroleum’s Interest:
70%

Operator:
Talisman Vietnam Limited*

Non-operating Partner:
PetroVietnam Exploration Production Corporation Ltd.

Asset Location:
Offshore Vietnam

Water Depth:
56m

Field Life Cycle:
Production

Producing Fields:
Cai Nuoc

Development Type:
Tie-back to PM3 CAA facilities

Acquisition Completion Date:
24 January 2022

Office Location:
Kuala Lumpur

Note:
* Talisman Vietnam Limited is undergoing a name change.
The legal entity is currently part of Hibiscus Petroleum pending the name change.

AVERAGE UPTIME1

93%

AVERAGE NET DAILY OIL PRODUCTION RATE1

126

bbl/day
AVERAGE UNIT PRODUCTION COST1

38.30

USD/bbl
LTIR1,3

0

2P OIL RESERVES3

0.1

MMstb

Notes:

1 For the financial year ended 30 June 2025.

2 As at 1 July 2025, based on internal estimates.

3 LTIR represents the frequency of lost time injuries (LTI) which include fatalities, permanent disabilities or workhours lost due to workplace incidents per 200,000 hours worked by both employees and contractors.

 

Key:

  • 2P Oil Reserves – Proven and probable oil reserves.
  • bbl – Barrels.
  • MMstb – Million stock tank barrels.
  • LTIR – Lost Time Injury Rate.
  • USD – United States Dollar.