Premier oil Provides Drilling Update in Vietnam

Source: www.gulfoilandgas.com 8/28/2008, Location: Asia

The Chim Cong well on Block 12W in Vietnam has been drilled into the basement to a total depth of 2,964 metres, resulting in an oil discovery. Wireline logging indicated that 7 metres of net oil pay was encountered in a sandstone overlying the basement. A drill stem test confirmed the discovery. Owing to poor rock quality of the reservoir at this location, the oil flow rate achieved was marginal.

The well will now be plugged and abandoned. The partners intend to further investigate this discovery in order to more clearly ascertain the commercial potential of this new play.

Elsewhere on Block 12W similar sandstones are of reasonable quality. Premier will now evaluate the extent of the better quality sandstone and thus determine the potential resource within Chim Công and the potential for similar accumulations within this stratigraphic unit in Block 12W.

Premier (operator) holds a 37.5% interest in Block 12W, with partners Santos (37.5%) and Delek Energy (25%).


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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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