SPC exploration well hits gas offshore Vietnam

Singapore Petroleum Co. Ltd. has tested natural gas and condensate over two sand intervals with the Thai Binh-1X exploration well in blocks 102 and 106 in the Song Hong basin offshore Vietnam.
Nov. 26, 2006

Offshore staff

SINGAPORE -- Singapore Petroleum Co. Ltd. has tested natural gas and condensate over two sand intervals with the Thai Binh-1X exploration well in blocks 102 and 106 in the Song Hong basin offshore Vietnam.

The two intervals flowed at a maximum combined rate of 23 MMcf/d of natural gas through a 128/64-in. choke at a wellhead pressure of 534 psi. Condensate was produced at a rate of 3 bbl/MMcf.

Another drill-stem test is being conducted to test the hydrocarbon potential of the upper sand intervals.

SPC subsidiary SPC Vietnam (Blocks 102/106) Co. Ltd. holds a 20% participating interest in blocks 102 and 106.

11/26/2006

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