KrisEnergy Ltd., an independent upstream oil and gas company, reported Sunday the Ensco 107 (400' ILC) commenced drilling at the Cua Lo-1 exploration well in Block 105-110/04 (Block 105) in the Gulf of Tonkin, offshore Vietnam.
The Cua Lo-1 exploration well is planned to reach approximately 9,186 feet (2,800 meters) total vertical depth subsea and is intended to test the Cua Lo gas prospect. Drilling is expected to last approximately 42 days.
“Cua Lo-1 is the first of two high impact exploration wells offshore Vietnam for us this year and we are excited to be finally drilling this attractive and large prospect. It is important to note that this is a wildcat well and therefore the risks are high, but both Block 105 and our other licence offshore Vetnam, Block 120, contain multiple prospects for future drilling whatever the outcome of these wells,” Chris Gibson-Robinson, KrisEnergy’s director of Exploration & Production said in a press release.
Block 105, which is located in water depths ranging from 66 feet to 263 feet (20 meters to 80 meters), covers an area of 2,777 square miles (7,192 square kilometers) in the central Song Hong Basin. The water depth at the Cua Lo-1 location is 249 feet (76 meters).
KrisEnergy has a 25 percent interest in Block 105, with operator Eni Vietnam B.V. and Neon Energy (Song Hong) Pty Ltd holding 50 percent and 25 percent interest, respectively.
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