SK Earthon logged a 112-meter oil column at Vietnam's 15-2/17 block, the Golden Sea Lion, with Murphy operating at 40% and SK holding 25%. It sits next to the producing 15-1 block, which is what makes

What happened: SK Earthon, the energy exploration subsidiary of SK Innovation, began crude oil production at the Golden Camel field off Vietnam and found additional oil deposits nearby. The block's operator is US-based Murphy Oil. Key numbers: Golden Camel holds an estimated 60 million barrels of recoverable oil. Why it matters: SK Earthon plans to assess the discovery with Murphy Oil and PetroVietnam Exploration Production and pursue joint development of Golden Camel and Pink Camel, part of its clustering strategy in the Cuu Long Basin.

SK Earthon, the energy exploration subsidiary of SK Innovation, began crude oil production at the Golden Camel field off Vietnam and found additional oil deposits nearby. The block's operator is US-based Murphy Oil.

SK Earthon plans to assess the discovery with Murphy Oil and PetroVietnam Exploration Production and pursue joint development of Golden Camel and Pink Camel, part of its clustering strategy in the Cuu Long Basin.