Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

PPP Reports on Operations at Red Emperor Well Offshore Vietnam

change text size

Pan Pacific Petroleum NL ("PPP") reported that the Ca Rong Do (Red Emperor) exploration well within Block 07/03 Production Sharing Contract, offshore Vietnam, has been drilled to TD at a measured depth of 3,810m BRT having intersected the target intervals. The well was spudded on May 6, 2009 using the semisubmersible drilling unit Hakuryu-5.

The well encountered oil and gas shows while drilling and the results of logging with the Modular Dynamic Tester (MDT) and other wireline tools have established approximately 90m net pay comprising both oil and gas within multiple stacked reservoir layers. Operations are now under way to carry out a Drill Stem Test to evaluate the flow potential of the two most prospective oil reservoir intervals. Further work will be required to determine whether the oil and gas discovered are of potential commercial significance, and a further statement will be made when evaluation has been completed.

Block 07/03 covers 4,915 km2 in the prospective Nam Con Son Basin, and is adjacent to block12W which contains the Chim Sao and Dua Oil Fields.

Partners in the block are Premier Oil Vietnam South B.V. ("Premier"), Vietnam American Exploration Company, LLC. ("Vamex", a wholly-owned subsidiary of Pitkin Petroleum Plc), and PearlOil (Ophiolite) Ltd ("Pearl"). Upon completion of Pan Pacific Petroleum (Vietnam) Pty Ltd's ("PPPV") farm-in obligations, the participating interests will be:

  • PPPV 15% (100% wholly-owned subsidiary of PPP)
  • Premier 30% (Operator)
  • Vamex 40%
  • Pearl 15%

The farm-in agreement is subject to Vietnamese Government approval.
 

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Most Popular Articles
From the Career Center
Jobs that may interest you
Drilling Supervisor
Expertise: Drilling Superintendent
Location: North Slope, AK
 
Chief Drilling Engineer
Expertise: Drilling Engineering
Location: Houston , TX
 
Managed Pressure Drilling Supervisor
Expertise: Well Site Supervisor
Location: Kuparuk, AK
 
search for more jobs