Premier prepares to appraise Vietnam field

The semisubmersible Ocean General is on block 07/03 off southern Vietnam, preparing to drill the CRD-2X appraisal well.

Offshore staff

VUNG TAU, Vietnam -- The semisubmersible Ocean General is on block 07/03 off southern Vietnam, preparing to drill the CRD-2X appraisal well.

According to partner Pan Pacific Petroleum, the well will evaluate the oil and gas accumulation discovered by well CRD-1X in 2009 in multiple stacked reservoir layers.

The program is designed to reduce uncertainty over whether the CRD structure contains sufficient volumes to support a potential development. Operator Premier Oil Vietnam South estimates “mid-point” discovered resources at 60 MMboe.

CRD-1X tested two reservoir zones which flowed oil at a combined rate of 3,265.4 b/d and 8.1 MMcf/d of gas through a 48/64-in. choke. No water was produced from either zone.

02/20/2011

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