PV jackup to take on Vietnam development

Hoang Long Joint Operating Co. has secured the jackup PV Drilling-1 for a program in block 16-1 in Vietnam’s Cuu Long basin.

Offshore staff

LONDON -- Hoang Long Joint Operating Co. has secured the jackup PV Drilling-1 for a program in block 16-1 in Vietnam’s Cuu Long basin.

The rig, owned and operated by PV Drilling, will work on the first phase of the Te Giac Trang (TGT) field development and appraisal well drilling.

According to Hoang Long JOC partner SOCO International, the commitment is for seven wells with four six-month extension options. The first well should spud in mid-August after the TGT Phase 1 platform jacket and drilling deck have been installed. Both structures have been loaded onto barges and will be installed offshore over the next few weeks.

First oil is targeted for mid-2011, with first-phase production expected eventually to hit around 50,000 b/d of oil.

Drilling of the Te Giac Den (TGD) 2X appraisal well is ongoing, SOCO adds. The well is at a subsurface depth of 3,761 m (12,339 ft), and an intermediate casing string is being set. It should reach total depth in mid-August.
Elsewhere among the company’s interests off southern Vietnam, the Ca Ngu Vang (CNV) field is producing around 11,000 boe/d, comprising 7,500 b/d of oil and 20 MMcf/d of gas and gas liquids.

The reservoir has responded well to the Hoan Vu Joint Operating Co.’s pressure maintenance program, which started earlier this year with the completion of a first water injector well.

Hoan Vu JOC may drill a further producer well late this year or early next year, which would eventually be converted also to a water injector


07/22/2010

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