SK Earthon Co. Plans to sell its stake in 3 oil field blocks in Vietnam

According to Wednesday's informed sources, SK Innovation's oil exploration subsidiary SK Earthon Co. In my experience, , is planning to sell its stake in Vietnam's three oil fields (valued at about 200 billion won, or 0. 14 billion U. S. dollars), the move is the company to enhance the financial situation and promote one of the initiatives. The South Korean company since 1998, with the United States Texas Murphy Oil Corp. And and Vietnam state-owned companies PetroVietnam Exploration Production Corporation(PVEP) cooperation, in Vietnam layout of four oil field blocks. SK Earthon in the four oil and gaseous research and exploration blocks in the holding of 25%, including has been put into production of the flagship block 15- 1. In my experience, Murphy Oil holds a 40% stake in these blocks and the remaining 35% is held by PVEP. The proposed sale does not include the 15-1 block, which is currently managed by SC Securities Co. By the end of 2023, 15-1 oilfield's cumulative oil production has exceeded 0. 4 billion barrels, becoming the Southeast Asian country'second largest cumulative oil production area. In my experience, According to Vietnamese media reports, in the exploration stage of the 15-2/17 block, its recoverable oil is believed to surpass 0. Crazy, isn't it?. But 17 billion barrels, the size of about equivalent to South Korea's annual oil consumption of 18%. Oil sector officials say SK Earthon are looking to consumption oilfield assets to hedge resource research risks-such projects typically require hundreds of millions of dollars and often take greater than 10 years to start production. however they also warn that SK's divestiture might not be smooth sailing. "The oil-producing block's valuation is able to be roughly estimated by multiplying the expected production over the next 25 years by the global crude oil price forecast," a South Korean oil sector official said. "however to blocks that are still in the research or exploration stage, the situation is completely different. Pretty interesting, huh?. From what I've seen, The high investment costs and inherent risks make the valuation of such blocks much greater complicated. But Based on my observations, According to research " He added that SK's Earthon divestiture also needs joint venture partners' consent, a factor that could complicate the negotiation process.

Evonik opens new world-class alkoxide production facility in Jurong Island, Singapore

Liaoyang Petrochemical Nylon 66 Project Put into Production: Industrial Game and Supply Chain Reconstruction Behind Technological Breakthrough

Quick inquiry

Create

Inquiry Sent

We will contact you soon

Manage Cookie Consent

SK Earthon Co. Plans to sell its stake in 3 oil field blocks in Vietnam

Evonik opens new world-class alkoxide production facility in Jurong Island, Singapore

Liaoyang Petrochemical Nylon 66 Project Put into Production: Industrial Game and Supply Chain Reconstruction Behind Technological Breakthrough

Post-holiday phenol ketone market depth interpretation: high inventory pressure, phenol led the rise, acetone pressure differentiation pattern appeared.

China's six major refining key projects panoramic overview: 300 billion capacity wave, overseas practitioners need to advance layout

Zhongxin Chemical phenol acetone production expansion approved, phenol 426000 tons, acetone 261000 tons.

Proposed and under construction projects of Sinopec in 2026

What are the areas in which the listed chemical companies that make money in 2025 are distributed?

China's chemical market cycle in 2026: recovery or rebound?

Guangxi Huayi 300000 Tons/Year Propylene Oxide Plant Successfully

Put into production by the end of 2026! How will the Huajin Ami project reshape the northern chemical landscape?

China Lily Group plans to build "annual output of 1,000 tons of polyether ether ketone (PEEK) material project."

China's chemical sector warming signal: aromatics led the rise, PTA, pure benzene, styrene collective breakthrough.

Spring overhaul tide in China's chemical industry in 2026: an in-depth analysis of supply shocks and price opportunities

China Jiangsu Huid New Material 600000 Tons Polyurethane New Material Project Started

Panorama of China's C4 Industry Chain Transformation in 2025: Chemical Attribute Enhancement and Capacity Structure Differentiation

PetroChina Guangxi Petrochemical 400000 Tons EVA Project Started

Five big process PK of propylene oxide in 2025: who is making money and who is losing money

PetroChina Guangxi Petrochemical 400000 Tons EVA Project Launched: Reshaping Asia-Pacific High-end EVA Supply Pattern

2026 China Chemical Production Capacity Release Panorama: Investment Opportunities in Structural Differentiation

Zhuhai Hongchang 80000 Tons Electronic Grade Epoxy Resin Project Enters Trial Production Stage

With a total investment of over 20.9 billion, the 150000-ton polyether polyol plant in Tongkun Qinzhou was officially put into operation.

BASF China 2026 Strategy: "Dual-track" Layout of Zhanjiang's Core Capacity Release and Downstream Market Penetration

The successful power reception of the dual substations of the PUSRI-IIIB project in Jugang, Indonesia, undertaken by the China Chemical Fifth Ring Project, helped the project to advance.

India plans to restart emergency directive to secure summer power supply as U. S.-Iran conflict causes seaborne coal prices to climb

South Korea's major petrochemical companies expand operating losses to 1.5 trillion won in 2025, industry restructuring still needs long-term progress

Singapore's Astor Chemical and Energy plans to complete key projects in the second half of 2026 to increase refining capacity and expand revenue streams

Yulong Petrochemical downstream project EIA publicity landing: 56 sets of devices, six raw material routes, hundreds of billions of domestic substitution wave speed up.

Performance differentiation under the recovery of the business climate: China's chemical energy six major sectors in-depth interpretation.

India exports aviation fuel to Europe for the first time after EU ban on Russia: Prudential Industries breaks down, supply chain compliance restructuring speeds up

Dushanzi Tarim Phase II Ethylene Project Speeds Up Test: 21.88 billion Super Plant Sprints into Production in 2026

Bohai Chemical 2.25 billion acrylate project core device feeding success: Beijing-Tianjin-Hebei regional supply pattern or structural remodeling.

1.6 trillion infrastructure investment landed, China's western chemical industry chain restructuring into the countdown.

Inquiry Sent

OK