Thursday, 30 September 2010

Total E&P Vietnam discovers oil offshore Vietnam on Block 15-1/05

Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Vang prospect, located in the southern part of the block in the Vietnamese offshore.

The Lac Da Vang well is located approximately 125km east of the city of Vung Tau, about 65km off the coast, and was drilled in water depths of 48m. The well produced up to 3,500 b/d during the tests.

The discovery was made on the second exploration well drilled and the second discovery was made less than a year later. Phu Quy Petroleum Co, a subsidiary of Petrovietnam Exploration and Production Corp, is the operator with a 40 per cent stake. The other partners on Block 15-1/05 are Total E&P Vietnam with a 35 per cent stake and SK Energy Co with a 25 per cent stake.

For more news and expert analysis about Vietnam, please see Vietnam Focus.

© 2010 Menas Associates

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