The acquisition of Merlon Petroleum earlier this year has given Soco International a new focus, with new exploration planned in Egypt and neighbouring Israel. As such, the company is planning to change its name, to Pharos Energy.
SOCO's chief executive said its "tenacity" during the downturn had paid off in the form of shareholder dividends.
SOCO has commenced drilling from the Baobab Marine-1 well in the Mer Profonde Sud block, offshore the Republic of Congo.
Soco International said first oil and gas from the H5 Wellhead Platform of the Te Giac Trang field has been achieved. The start of production has been achieved ahead of schedule and the perforation campaign will continue for the next two weeks.
Oil and gas explorer SOCO has seen its profits plunge in the first six months of the year, but continues to focus on its Vietnam operations.