Premier Preps for Drill Stem Testing at Vietnam Block

Source: www.gulfoilandgas.com 3/24/2011, Location: Asia

Premier Oil Vietnam South B.V., the operator of the Block 07/03 Production Sharing Contract, has advised that preparations to undertake drill stem testing of hydrocarbon bearing sands in the Oligocene section which it was not possible to evaluate in CRD-1X are continuing.

CRD-2X has been planned to evaluate the oil and gas discovered in multiple stacked reservoir layers by CRD-1X with the aim of reducing uncertainty in whether the CRD structure contains sufficient volumes to support a potential development. The implications of the CRD-2X results will be advised when the well evaluation has been completed.

Partners in the block are:
Pan Pacific Petroleum (Vietnam) Pty Ltd (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%; and PetroVietnam Exploration and Production Corporation Ltd 10%.


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Related Categories: 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 

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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