Premier Oil Vietnam announced that the CRD-2X appraisal well has reached the planned total depth of 10,200 feet (3,109 meters). The operator is performing logging operations to fully evaluate the objective section, and the pending results will determine whether further operations will be undertaken.
The Ca Rong Do field is located on Block 07/03 in the prospective Nam Con Son Basin offshore Vietnam. Premier operates Block 07/03, holding a 30% interest. Partners on the block include Vietnam American Exploration Company (40%), PearlOil (15%), PetroVietnam (10%), and PPP (5%).
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