Origin Spuds 121-Ca Voi-1X Well off Vietnam

Origin Energy, on behalf of the Block 121 Joint Venture, announced that the 121-Ca Voi-1X well was spud at 0730 hours local (Vietnam) time June 15, with the well drilled by the Ocean General (mid-water semisub).

The 121-Ca Voi-1X well is situated in the Phu Khanh Basin off the coast of central Vietnam. Prognosed total measured depth of the well is 12,372 feet (3,771 meters). The well will be plugged and abandoned after the evaluation is complete.

Origin will only advise the market again when well operations have been completed with a summary of results, or of any event that is material.

The company has earlier entered into an agreement with Premier Oil Vietnam 121 Ltd. and Pan Pacific Petroleum NL to acquire a 40 percent and 15 percent interest in Block 121 respectively. Following the completion of these transactions, Origin - through its wholly owned subsidiary Origin Energy (Song hong) Pte Ltd. - will remain as the operator with a 45 percent interest in Block 121.

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