Premier 'Encouraged' by Results of Wildcat Well Offshore Vietnam

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?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PBJV Bags Contract from PETRONAS Carig... (Aug 26)
 -  Reach Energy Secures SCM's Approval to... (Aug 26)
 -  Pavilion Energy, Pertamina Ink MOU to ... (Aug 26)
 -  DSME Delivers Newbuild Ultra Deepwater... (Aug 26)
 -  Sound Energy Spuds Second Tendrara App... (Aug 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Roustabout 1st 6 Mos Job
Expertise: Roustabout
Location: Loveland, CO
 
Solids Control Technicians - Pennsylvania
Expertise: Heavy Machinery Operator|Rig Instrument Tech|Rig Mechanic
Location: Pennsylvania, United States
 
Corporate Account Manager, Houston, TX
Expertise: Company Man|Mud Engineer / Drilling Fluids
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $49.67/BBL 1.26%
Light Crude Oil : $47.33/BBL 1.19%
Natural Gas : $2.85/MMBtu 1.78%
Updated in last 24 hours