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

Premier 'Encouraged' by Results of Wildcat Well Offshore Vietnam

change text size

Independent explorer Premier Oil said Tuesday it was encouraged by the results of its 121-CV-1X wildcat exploration well in the Phu Khanh Basin, offshore Vietnam.

The 121-CV-1X well, on Block 121, was drilled to a total depth of 12,305 feet and targeted the "Whale" (Ca Voi) prospect. It encountered sands in the deep clastic section, which is believed to be Oligocene in age, but Premier said these sands proved to be water wet. Potential source rocks, including coals, were also encountered with the section.

In the shallower Miocene section, the well penetrated a wet gas-bearing interval associated with indications of overpressure. The gas is thermogenic in origin and, Premier said, demonstrates that a working petroleum system is present in Block 121.

The well is being plugged and abandoned.

Premier Chief Executive Simon Lockett commented in a company statement:

"121-CV-1X was a frontier exploration well and was the first to test the prospectivity of the Oligocene section in the Phu Khanh Basin. The presence of deep clastic reservoir rocks and an active petroleum charge in this first wildcat exploration well is encouraging."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Intan Extends Charter for 5 OSVs to Em... (Nov 21)
 -  Bumi Armada's 3Q 2014 Net Profit Rises... (Nov 21)
 -  Technip Wins Brazilian Flexible Pipe D... (Nov 21)
 -  Snoozebox Wins Workforce Hotel Deal wi... (Nov 21)
 -  Shell, Petronas Carigali to Develop E6... (Nov 20)
Most Popular Articles
From the Career Center
Jobs that may interest you
Drilling Engineer or Well Engineer
Expertise: Drilling Engineering
Location: International
 
Drilling Wellsite Supervisor
Expertise: Drilling Superintendent, Well Site Supervisor
Location: International
 
Rig Manager
Expertise: Rig Manager
Location: International
 
search for more jobs