Soco Setting Casing on Te Giac Den Well Offshore Vietnam

SOCO Vietnam Ltd. says that the Te Giac Den ("TGD-IX") well, the first well on the Prospect "E", is currently preparing to set 9-5/8" casing after encountering high pressure in Oligocene sands with oil and gas shows.

Once casing is in place, the well will be drilled to its preliminary total depth near the top of the Basement and evaluated to assess the likelihood of the Basement being charged with hydrocarbons. This initial target is expected to be reached in the next 15 days. A forward program of further drilling and/or testing will be determined at that time.

High pressure test equipment will not be available until August. Thus, after drilling on this well has been completed, the rig will move to Block 9-2 to drill development wells on the Ca Ngu Vang discovery. If required, TGD-1X will be tested by the GSF Adriatic XI rig, which is expected to be on contract from late June.

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