Partners gain extension for TGD appraisal

Vietnam’s government has agreed to extend the timeframe for the Te Giac Den Appraisal area in offshore block 16-1 in the Cuu Long basin.

Offshore staff

LONDON -- Vietnam’s government has agreed to extend the timeframe for the Te Giac Den Appraisal area in offshore block 16-1 in the Cuu Long basin.

The Hoang Long joint operating company (JOC) has been granted an extension through April 30, 2012, or through Oct. 31, 2012 if the partners decide to drill a well.

Several 3D seismic acquisition options are under review, and a 150-sq km (58-sq mi) program should start either in late June or early July 2011.

The government also has approved the full development plan for the Te Giac Trang field, which incorporates the second-phase development.

Installation activities continue on the field and the H4 jacket has been set down for second- phase drilling and production. Phase I production is due to begin in August.

05/05/2011

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