Well confirms potential of block off Vietnam

March 9, 2006
Thailand's PTT Exploration & Production PLC (PTTEP) reported that an appraisal well has confirmed the potential of production-sharing Block 16-1 off southern Vietnam.

By an OGJ correspondent
BANGKOK, Mar. 9 -- Thailand's PTT Exploration & Production PLC (PTTEP) reported that an appraisal well has confirmed the potential of production-sharing Block 16-1 off southern Vietnam.

The first drillstem test conducted in well TGT-2X, which was spudded Jan. 18 and drilled to 3,436 m TD, flowed oil at the rate of 3,300 b/d with 880 Mcfd of natural gas. Two more zones are being tested.

The 3,350 sq km tract, southeast of Vung Tau, is operated by Hoang Long Joint Operating Co., a consortium of Petrovietnam Exploration & Production Co., 41%; PTTEP Hoang-Long Co. and Soco Vietnam, 28.5% each; and OPECO Vietnam Ltd. 2%.

Five exploration wells drilled on the block have found three oil and gas fields: Ngna O, Voi Trang, and Voi Vang.

The fifth exploration well, TGT-1X, flowed 8,566 b/d of crude and 4.86 MMcfd of gas.