By OGJ editors
HOUSTON, Apr 27 -- Santos Ltd. has entered Vietnam with an agreement to obtain an interest in exploration acreage off the southern coast operated by UK Premier Oil PLC.
Santos International will hold a 37.5%% interest in the Blocks 12E and 12W production sharing contracts after funding part of a two-well drilling program. The blocks cover 5,160 sq km in the Nam Con Son basin.
The two-well drilling work program includes the Dua-4X well and the 12-CS-1X Blackbird well in Block 12E. Drilling of the Dua-4X well is scheduled to begin in early May. The drilling will be close to production facilities and in shallow water.
Santos currently is assessing other opportunities in Vietnam.
