Block 16-1 in the Cuu Long Basin
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Soco International says the Te Giac Trang appraisal well (TGT-3X) on Block 16-1 in the Cuu Long Basin offshore Vietnam reached a total measured depth of 3,650 meters. The well has been logged and preparations are underway to test.
The well spudded on March 20, 2006 as a follow-up approximately ten kilometers
south of the recent TGT-2X appraisal well that tested with a total combined flow
rate of approximately 17,500 barrels of oil equivalent per day ('BOEPD') of 38
degree API gravity crude from the Miocene Lower Bach Ho 5.2 and Oligocene 'C'
Test results should be available in approximately two weeks.
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