Idemitsu to start drilling off Vietnam this month

Eric Watkins
Senior Correspondent

LOS ANGELES, Jan. 10 -- Idemitsu Oil & Gas Co. Ltd., Tokyo, plans to begin exploratory drilling operations this month in Block 05-1(b) and 05-1(c) off Vietnam, 300 km southeast of Ho Chi Minh City.

Operator Idemitsu holds a 35% stake in the venture, along with partners Nippon Oil Corp. 35% and Teikoku Oil Co. 30%. The group signed a production-sharing contract with Petrovietnam on Oct. 28, 2004.

A 3D seismic survey covering 598 sq km and a 2D seismic survey covering 211 km were acquired in 2005, but plans to begin drilling in 2006 were delayed by a worldwide shortage of rigs.

Contact Eric Watkins at

Related Articles

Baker Hughes: US drilling rig count jumps to 1,831


The US drilling rig count jumped 13 units to reach 1,831 rigs working during the week ended Apr. 11, Baker Hughes Inc. reported.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

04/11/2014 ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as...

Chevron, YPF to continue Vaca Muerta development

04/10/2014 Chevron Corp. and YPF SA, Buenos Aires, will continue development of Argentina’s Vaca Muerta shale formation. Chevron says it will build off the pr...

Contract let for Yolla gas field rig

04/01/2014 Origin Energy Ltd., Sydney, and partners in the BassGas joint venture have let a contract to Seadrill Australia Pte. Ltd. to provide the West Teles...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected