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 semisubmersibleOcean 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.