Soco slows ramp up in production

British oil firm Soco International has delayed a ramp up in production at its oil field off the Vietnam coast but said it was confident of achieving target output during 2012. Soco, which in August said it could reach its target of producing 55,000 barrels of oil per day (bopd) from its Te Giac Te oil field by the end of 2011, said it wanted to understand the field better before upping output to that level.