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Pan Pacific Spudded 07/03-CD-1X Exploration Well on Vietnam

Source: www.gulfoilandgas.com 1/30/2014, Location: Asia

Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract that the semi-submersible drilling rig the “Ocean General” spudded the 07/03-CD-1X exploration well on 28th January. The well is being drilled in a water depth of about 130m, with a planned total measured depth of approximately 3,817m BRT (below rotary table). As at 0600 hours on 29th January the well was at 227 m BRT.

The 07/03-CD-1X well will evaluate the hydrocarbon potential of the Silver Sillago prospect (see below), a tilted fault trap targeting Miocene clastic reservoirs similar to those encountered in the successful C? R?ng ?? (CRD) structure located about 55km to the east in Block 07/03. The well will be plugged and abandoned after the evaluation has been completed.

Partners in the block are:
Pan Pacific Petroleum (Vietnam) Pty Ltd 5% (a wholly owned subsidiary of Pan Pacific Petroleum NL)
Premier Oil Vietnam South (Operator) 30%
Vamex 25%
Mubadala Petroleum (through its affiliate PearlOil (Ophiolite) Ltd) 25%
PetroVietnam Exploration and Production Corporation Ltd 15%

Premier Oil Vietnam South and Vamex were recently acquired by a wholly owned subsidiary of Talisman Energy Inc.

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