SK earthon has begun oil production at the Lac Da Vang field in Vietnam’s Block 15-1/05, operated by U.S.-based Murphy Oil Corp. The company holds a 25% stake, while Murphy owns 40% and Vietnam’s state-run PetroVietnam Exploration Production Corp. (PVEP) holds 35%. The block is estimated to contain 60 million barrels of total oil reserves, with output expected to reach up to 25,000 barrels per day once fully developed. An earlier account identified the producing structure as Golden Camel and reported a 56-meter oil-bearing layer at the nearby Northern White Camel exploration well, with the partners considering connected development involving Golden Camel, Red Camel and Northern White Camel. SK earthon has expanded its exploration and production activities across China and Southeast Asia to support parent company SK Innovation. Since 2022, its overseas E&P projects have generated more than 1 trillion won ($748 million) in annual revenue.