Vietnam: Eni to operate Essar's Song Hong Block 114
Eni International BV will acquire a 50% interest from a unit of Essar Energy PLC and become operator of Block 114 in the Song Hong basin offshore Vietnam, subject to government approval.
Eni International BV will acquire a 50% interest from a unit of Essar Energy PLC and become operator of Block 114 in the Song Hong basin offshore Vietnam, subject to government approval.
The work program includes shooting 3D seismic and drilling two wells on the 5,900 sq km block. Further investment is required to establish gas reserves in the block, Essar said.
The deal will expand Eni’s presence in the basin, where on June 25 it signed agreements to acquire blocks 105-110/04 and 120.
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
