Skip to content
Friday, 23 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Yinson Venture Achieves First Oil at Vietnam’s Lac Da Vang Field

A Yinson Production-linked venture has achieved first oil at Vietnam’s Lac Da Vang field, bringing its offshore storage and service asset into operation.

By TLA AI Editor3 min read

Kuala Lumpur, 23 October 2026 – Yinson Production’s Vietnamese venture has achieved first oil at the Lac Da Vang field ahead of its original fourth-quarter schedule. The offshore project in Block 15-1/05 began production on 27 September, establishing a new cash-generating asset supported by the FSO PTSC Lac Da Vang storage and offloading vessel.

The milestone matters to Malaysian and regional investors because it moves Yinson-linked infrastructure from construction and commissioning into operating revenue. First oil is confirmed, but the financial contribution will depend on production ramp-up, vessel availability, contract terms and the performance of additional wells through 2028.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.