Stay Connected

PPP backs into block offshore Vietnam

Offshore staff

NORTH SYDNEY, Australia – Pan Pacific Petroleum Vietnam (PPPV121) has acquired a 15% interest from Origin Energy in the block 121 production-sharing contract offshore Vietnam.

Realigned interests are:

  • Origin 45% (operator)
  • Premier Oil 40%
  • PPPV121 15%.

The partners are preparing to drill the first well on the large Ca Voi (Whale) prospect. The contracted semisubmersible Ocean General is due to spud Ca Voi-1X in May, although timing is subject to release of the rig from nearby Indonesian waters.

Following Ca Voi-1X, the rig is scheduled to drill two wells in block 07/03, operated by Premier. These are Ca Duc-1X on the Silver Sillago, the remaining commitment exploration well, and an additional appraisal well on Cá Rồng Đỏ (CRD), CRD-3X; the latter is subject to PetroVietnam approval.

3/18/2013

Related Articles

Otto executes LoI with BHP Billiton to terminate farm-out

Dec 2, 2013 Otto Energy Ltd. has executed a letter of intent with BHP Billiton Petroleum (Philippines) Corp., proposing to terminate the farm-out agreement between the two parties over Service Contract 55 (SC5...

Hess agrees to sell its Indonesian assets

Dec 2, 2013 Hess Corp. has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Co. Ltd. to sell its interests in both the Pangkah and Natuna A asse...

Trending News

Authorities end four-year Deepwater Horizon accident cleanup

Apr 22, 2014

The US Coast Guard has ended patrols and operations on the final three shoreline miles in Louisiana, bringing to a close the four-year active cleanup following the Deepwater Horizon accident.

Todd Energy adopts Paradigm software suite

Apr 22, 2014

Todd Energy has acquired a comprehensive suite of Paradigm’s seismic interpretation, formation evaluation, and reservoir modeling software.

Neptune Marine receives contract for work on Ichthys

Apr 22, 2014

McDermott has awarded Neptune Marine Services Ltd. a survey and ROV contract on the Ichthys LNG project.

Hydrasun to expand specialist manufacturing capabilities to meet subsea demands

Apr 22, 2014

Hydrasun, a provider of integrated fluid transfer, power, and control solutions to the global energy market, is expanding its operations with a £3 million ($5 million) investment in its specialist manufacturing facility in Aviemore, Scotland.

Ennsub to build two ultra-deepwater ROV deployment systems

Apr 22, 2014

ROVOP has awarded Ennsub a multi-million-pound contract for the design and manufacture of two ultra-deepwater work-class ROV launch and recovery systems to be installed into Ceona’s newbuild multiple-lay vessel, the Ceona Amazon.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>