Premier Drills Ahead Offshore Vietnam

Premier, the operator of the Block 07/03 Production Sharing Contract, has advised that at 0600 hours on February 24, the well was drilling ahead at 2395m BRT in 12 1/4in hole, having set 13 3/8in casing at 1546m BRT. The well is being drilled by the semisubmersible drilling rig the Ocean General in a water depth of 315m, with a planned total measured depth of approximately 3100m BRT.

CRD-2X will evaluate the oil and gas discovered in multiple stacked reservoir layers by CRD-1X drilled in 2009, and has been planned to reduce uncertainty in whether the CRD structure contains sufficient volumes to support a potential development.

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