Halong-1X is a Duster for SPC

Singapore Petroleum Co. Limited (SPC) said that the HaLong-1X exploration well (HaLong-1X) in blocks 102 and 106 is being plugged and abandoned. While oil and gas shows were encountered, the drill stem test did not recover any hydrocarbon.

SPC does not expect the dry hole to have any material impact on the earnings per share and the net tangible asset per share of the SPC group of companies for the current financial year.

SPC is a regional oil and gas company with interest in oil and gas exploration and production, refining, terminalling and distribution, marketing, and trading of crude and refined petroleum products. It is an associated company of Keppel Oil & Gas Services Pte Ltd, a wholly owned subsidiary of Keppel Corp. Limited.

SPC, through its wholly owned subsidiary, SPC Vietnam (blocks 102/106) Co. Ltd, holds a 20% participating interest in the blocks.

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.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Completions Supervisor
Expertise: Company Man|WellSite Supervisor|Workover or Completion
Location: Richmond, TX
Field Engineer-Wireline
Expertise: Drilling Foreman / Drilling Supervisor|Perforation
Location: Odessa, TX
Wireline Engineer
Expertise: Drilling Foreman / Drilling Supervisor|Wireline
Location: Williston, ND
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours