Serica Energy Wins Offshore Vietnam Block
Serica Energy plc said that it has been conditionally awarded Block 06/94 in the Nam Con Son Basin offshore southern Vietnam.
Serica and its two partners, Lundin Petroleum and Pearl Energy, will each have a 33.33% interest in the block, which covers an area of approximately 4,100 square kilometers and will be operated by Pearl.
Block 06/94 lies approximately 350 kilometers offshore and is the part of Block 06/1 that BP was obliged to relinquish in 1994 after retaining the 2 trillion cubic feet Lan Tay and Lan Do gas fields for development. The Lan Do gas field commenced gas production in 2002 through a pipeline to Vung Tau, near Ho Chi Minh City (formerly Saigon).
"This exciting new project offshore Vietnam is the first step in the expansion of our interests in Southeast Asia and has been made possible by the introduction of new technical expertise into Serica and through the synergies in our partnership with Pearl and Lundin," said Chris Atkinson, Serica's chief operating officer. "Block 06/94 is a highly prospective area surrounding the Lan Tay and Lan Do gas fields and we hope to identify several potentially commercial prospects within the block."
Operates 2 Offshore Rigs
- Output At Lundin's Grieg Field Back To Normal After Forties Outage (Dec 27)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off (Feb 13)
Company: Serica Energy more info
- Erskine Field Production Start-Up Delayed (Aug 23)
- Serica Completes Acquisition of 18% Stake in North Sea Erskine Field (Jun 05)
- Sidi Moussa Well Offshore Morocco Finds Oil (Oct 20)
Company: Pearl Energy more info
- Tap Oil's Manora Development On Track (Jul 26)
- Drilling Commenced in Gulf of Thailand (Oct 18)
- Mubadala Moves Ahead with Major Oil Projects (Nov 11)