already talk of field development in vietnam ?

UK independent Premier Oil has hit 90 metres of net oil and gas pay with its Ca Rong Do (Red Emperor) exploration well off Vietnam in Block 07/03 in the Nam Con Son basin.


Following the logging results, operations are now underway to carry out a drill stem test to evaluate the flow potential of the two most prospective oil reservoir intervals.

Further work will be required to determine whether the oil and gas discovered are of potential significance, project partner Pan Pacific Petroleum said.

The well spudded on 6 May using the semi-submersible Hakuryu-5, aiming for an 80-million-barrel structure.

If commercial, Ca Rong Do could be a standalone development, or tied back to Premier’s nearby Chim Sao and Dua fields, which are currently being developed.

If Vietnam’s government approves a farm-in deal, Premier’s operating stake in the block will fall from 45% to 30%, leaving Vietnam American Exploration Company on 40% and Pearl Oil and Pan Pacific Petroleum each with 15% interests. (upstreamonline)






sounds as though all is going well in vietnam i guess we will have to wait for flow tests results as per the next wednesday weekly announcement. If it is commercial sounds as though they have infrastructure in place to develop field though clearly this depends on the size of the find.