Murphy Oil's discovery in Vietnam could be ASEAN's biggest in 2 decades

Good news!

What ever happened to the so often repeated assertions of Peak Oil?

"... The HSV-2X appraisal well encountered 429 feet of oil across two reservoirs and tested at 6,000 barrels per day of 37° API oil. Murphy has revised its recoverable reserves estimate toward the upper end of the 170-430 million barrels of oil equivalent (mmboe) range previously announced, with additional shallow reservoir sections providing further upside potential. 

"In a predominantly gas-prone region, oil discoveries of this scale are exceptional," said Angus Rodger, head of Asia-Pacific upstream analysis for Wood Mackenzie. "HSV ranks as the third-largest oil discovery in Southeast Asia since 2000, trailing only Indonesia's Banyu Urip and Malaysia's Gumusut. ..."

Murphy Oil's discovery in Vietnam could be ASEAN's biggest in 2 decades - Nikkei Asia "Recoverable resources of the primary reservoir at offshore site are larger than previous estimate"

Murphy Oil confirms major find in Vietnam - potentially the biggest oil discovery in Southeast Asia of the last 20 years "Hai Su Vang appraisal confirms recoverable reserves at upper end of 170-430 mmboe range, offering potential lifeline to Vietnam's declining oil production"

Largest oil discovery in Southeast Asia since 2000