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

Abandonment of 121-CV-1X Well Taking Longer than Planned

change text size

Pan Pacific Petroleum NL announced that Origin Energy (Song Hong) Pte Limited (Origin), the Operator of the Block 121 Production Sharing Contract, offshore Vietnam, has reported that abandonment of the 121-CV-1X exploration well drilled using the Ocean General (mid-water semisub) is still on-going.

The company said the abandonment was taking longer than anticipated due to operational challenges. The 121-CV-1X well, drilled late June to evaluate the (Whale) Ca Voi prospect did not find commercial hydrocarbons and encountered minor gas indications.

"On release the rig will next move to Vietnam Block 07/03 to drill the CRD-3X appraisal well," Pan Pacific Petroleum said in a press release.

Pan Pacific Petroleum's unit Pan Pacific Petroleum Vietnam 121 holds a 15 percent participating interest in Block 121, while Origin - the operator - has 45 percent participating interest, with the remaining 40 percent held by Premier Oil.



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
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Odjfell Revenues, Profits Decline duri... (Nov 26)
 -  Urals Receives Payment for Tanker Ship... (Nov 26)
 -  Arctech Starts Construction Sakhalin I... (Nov 26)
 -  CNOOC Flows First Oil from Xijiang 24-... (Nov 25)
 -  Faroe Completes Sale of Glenlivet Stak... (Nov 25)
Most Popular Articles
From the Career Center
Jobs that may interest you
Floorhand I
Expertise: Floorhand
Location: Odessa/Midland, TX
 
Rotary Steerable Systems Product Champion
Expertise: Drilling Engineering, Research & Development
Location: Houston, TX
 
Deepwater Completion Engineer (Tahiti /Blind Faith)
Expertise: Drilling Consultant, Petroleum Engineering, Production Engineering
Location: Houston, Texas, TX
 
search for more jobs