PTTEP, partners make discovery off Vietnam

May 26, 2005
A group including Thailand's PTT Exploration & Production PLC (PTTEP) has made an oil and gas discovery on Block 9-2 off southern Vietnam.

By an OGJ correspondent

BANGKOK, May 26 -- A group including Thailand's PTT Exploration & Production PLC (PTTEP) has made an oil and gas discovery on Block 9-2 off southern Vietnam.

CNV-3X, the third appraisal well in the 1,370 sq km tract, was drilled to 6,123 m TD and tested 9,010 b/d of crude oil and 22.6 MMcfd of gas.

PTTEP owns a 25% equity stake in Block 9-2, with Petrovietnam Exploration Production Co. holding 50% and Soco Vietnam Ltd. 25%.

The well will be suspended as a potential producer. The rig next will drill the Te Giac Trang prospect on Block 16-1, a nearby 3,350 sq km prospect licensed to the same group.

The TGT-1X well will test an Oligocene interval in a previously undrilled part of Block 16-1. It is the second well in the 4-6 well drilling program scheduled for Vietnam this year.