Soco well test beats expectations

FTSE 250-listed oil and gas explorer Soco yesterday said that testing of a well in Vietnam had exceeded expectations, with production reaching over 27,600 barrels of oil per day. “This has turned out to be a great well, representing one of the most prolific individual wells ever tested in Vietnam,” said president and chief executive Ed Story. “The results reaffirm our belief that [it] is clearly a very significant oil field by anyone’s standards.”