Vietnam: Eni group spuds Song Hong basin exploratory well

A group led by Eni Vietnam BV has spudded the Ca Ngu-1 exploratory well on Block 120 offshore Vietnam.

The well is designed to test the Ca Ngu oil and gas prospect, which is comprised of Pliocene clastic and Miocene carbonate reservoir targets. The Songa Mercur semisubmersible is to take the well to 1,500 m in 270 m of water.

The cost of the well is estimated at as much as $39 million, but if dry is likely to be substantially less due to a simplified casing profile and associated reduction in drilling time, said Neon Energy (Song Hong) Pty. Ltd., Perth.

Pursuant to a farmout agreement with Eni, Neon Energy will be carried through the drilling up to a gross cost cap of $20 million. Any costs in excess of the cost cap will be borne by the parties as per their respective working interests.

Eni Vietnam has 50% interest in the well, and Neon Energy and KrisEnergy (Song Hong 105) Ltd. have 25% each.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

Lundin lowers resource estimate for Luno II discovery

08/29/2014 Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has drilled appraisal well 16/4-8 S in the Luno II discovery 15 km south of Edv...

Noble posts drilling results for Katmai, Dantzler prospects in gulf

08/28/2014 Noble Energy Inc., Houston, has advanced its exploration and appraisal drilling operations on the Katmai prospect on Green Canyon Block 40 and the ...

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