Uchenna Izundu
International Editor
LONDON, June 15 -- Soco International plans initial oil deliveries from its Ca Ngu Vang field in Vietnam in the first half of 2008. It is moving ahead with exploration and appraisal and will build infrastructure on Block 9-2, which contains the field.
The appraisal well tested at a maximum combined rate of 7,050 boe/d, with 5,333 b/d of oil and 10.3 MMcfd of gas in 2006.
Soco said Vietnam is a core area and that the Te Giac Den-1X well on Block 16-1 in Vietnam indicated oil and gas shows and an overpressured environment in the Oligocene interval. No testing has been carried out on that well.
In Yemen, Soco plans to delineate the western and southern parameters of Kharir field. Production facilities are being expanded "in anticipation of reaching 70,000 b/d of export capacity," the company added. Soco has acquired three rigs to drill on the block throughout the year, and will focus on development and injector wells to increase basement productivity and production capability.
The company hopes in early 2008 to drill its first exploratory well on the Marine XI block, off Congo (Brazzaville). It expects to select drilling targets for its West African portfolio in the third quarter.
Later this year Soco also will shoot a 2D seismic survey on the Nganzi and Cabinda North blocks in Congo (former Zaire).
Contact Uchenna Izundu at [email protected].
