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

OTC 2014: Distinguished Achievement Award recipients announced

Apr 23, 2014

The Offshore Technology Conference has revealed the recipients of this year’s Distinguished Achievement Awards.

North Sea Hejre jacket loaded out

Apr 23, 2014

Heerema Fabrication Group has skidded the 8,500-ton launch jacket for DONG Energy’s Hejre field platform onto a barge at the quayside in Vlissingen.

Southeastern Barents Sea FTG survey under way

Apr 23, 2014

ARKeX has restarted acquisition of a multi-client full tensor gravity gradiometry (FTG) survey over the southeastern Barents Sea offshore Norway.

Prysmian to engineer offshore Zakum subsea power conversion

Apr 23, 2014

Emirates Holding has awarded Prysmian Group a $41.4-million contract for ADMA-OPCO’s Zakum oil field offshore Abu Dhabi.

Atkins to assist Maersk in North Sea IRM campaign

Apr 23, 2014

Maersk Oil UK has awarded Atkins an engineering support contract for three floaters in the North Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>