Premier 'Encouraged' by Results of Wildcat Well Offshore Vietnam

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  WA's Ungani Oil Field on Track for Pro... (Jul 6)
 -  Providence Increases Stake in Dunquin ... (Jul 6)
 -  Cosco Agrees to Defer Delivery of a Se... (Jul 3)
 -  Samsung Heavy Industries Clinches $4.7... (Jul 3)
 -  Det Norske Completes Ivar Aasen Deline... (Jul 2)


Most Popular Articles

From the Career Center
Jobs that may interest you
Deepwater RoustaboutsTemporary
Expertise: Roustabout
Location: GOM
 
Senior Drilling Technologist
Expertise: Driller
Location: Oklahoma City, OK
 
Offshore Service Technician
Expertise: Field Service Tech|Floorhand|Roustabout
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $62.07/BBL 0.09%
Light Crude Oil : $56.93/BBL 0.05%
Natural Gas : $2.82/MMBtu 1.43%
Updated in last 24 hours