exxon makes another discovery in vietnam

This might have contributed to the late Friday sp rise.

From Rigzone last night:

ExxonMobil has encountered additional hydrocarbons in its third exploration well offshore Da Nang, Vietnam, a company spokesperson confirmed to Rigzone on Friday.

The well, 118-Ca Voi Xanh-3X well, was drilled by Seadrill West Aquarius (UDW semisub). Drilling took place from May through July, the spokesperson said. The hold has been plugged, and the rig has already left the site. Work was conducted safely and without incident.

"We are analyzing data from the well and evaluating our future business plans," said the spokesperson.

ExxonMobil also encountered hydrocarbons in the 118-Ca Voi Xanh-2X well, the second well in the exploration program. Drilling took place from July through August of last year.

The first well in the exploration program, 118-Ca Voi Xanh, was drilled in May 2011 and did not encounter hydrocarbons.