Premier Spuds CRD-2X Appraisal Well in Block 07/03

Source: www.gulfoilandgas.com 2/17/2011, Location: Asia

Premier Oil Vietnam South B.V. (Premier), the operator of the Block 07/03 Production Sharing Contract, have advised that the semi-submersible drilling rig the "Ocean General" spudded the CRD-2X appraisal well on Thursday 10th February. The well is being drilled in a water depth of 315m, with a planned total measured depth of approximately 3100m BRT (below rotary table). As at 0600 hours on 17th February the well was at 705m BRT.

CRD-2X will evaluate the oil and gas discovered in multiple stacked reservoir layers by CRD-1X drilled in 2009, and has been planned to reduce uncertainty in whether the CRD structure contains sufficient volumes to support a potential development.

Partners in the block are: Pan Pacific Petroleum (Vietnam) (a wholly owned subsidiary of Pan Pacific Petroleum NL) 5%; Premier Oil Vietnam South B.V. (Operator) 30%; Vietnam American Exploration Company, LLC. (a wholly owned subsidiary of Pitkin Petroleum Plc) 40%; PearlOil (Ophiolite) Ltd.15%; PetroVietnam Exploration and Production Corporation Ltd 10%.


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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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