LONDON – Pharos Energy is working on submitting revised development plans for two wells on the TGT Field and one on the CNV Field, both offshore southern Vietnam, the company revealed in an update.
It also has submitted an application for extensions to TGT and CNV licenses for partner approval.
Last December the company applied for an extension to its license for blocks 125 and 126 offshore eastern Vietnam as no suitable rigs were available for drilling in 2023. This is now with the Prime Minister’s office for approval.
Discussions continue with various parties on a farm-in prior to drilling the commitment well on Block 125.