Japanese Firms Confirm Gas, Condensate in Vietnam Blocks

TOKYO - Three Japanese energy companies jointly said Wednesday they have confirmed natural gas and condensate reserves in exploration blocks offshore in Vietnam. 

Idemitsu Kosan Co., JX Holdings Inc. and Inpex Corp. have drilled three wells in two blocks located 300 kilometers southeast of Ho Chi Minh, they said in a statement. 

The three companies will further explore the blocks to gauge the size of the reserves and conduct test drilling on other prospective structures in the blocks, the statement said. 

Idemitsu has a 35% share in the blocks as the operator, while JX has another 35%. Inpex holds 30%.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Deepwater (Drilling and Completions) Engineer - Houston TX
Expertise: Drilling Engineering
Location: Houston TX, TX
 
Rental Coordinator
Expertise: Asset Management|Customer Service
Location: Beeville, TX
 
Account Manager - Reservoir Development Services - Houston, TX
Expertise: Business Development|Geologist|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $47.56/BBL 10.24%
Light Crude Oil : $42.56/BBL 10.25%
Natural Gas : $2.63/MMBtu 2.23%
Updated in last 24 hours