Friday, January 04, 2008

PetroVietnam affiliate strikes oil offshore

The VRJ Petroleum Company has discovered oil 135 km southeast of Vung Tau in Block 09-3.

The Block 09-3 management committee represents PetroVietnam, PetroVietnam Exploration Production Corporation, JSC Zarubezhneft and Indemitsu Cuu Long Petroleum Co Ltd.

The Block 09-3 covers an area of 3, with a depth of 50m below sea level, about 135km southeast of Vung Tau.

A total of three exploration and appraisal wells have been drilled. A maximum oil inflow of about 4,150 barrels per day was obtained from one well drilled in 2006.

The structure called Doi Moi of Block 09-3 overlaps the Nam Rong of Block 09-1, which is operated by Vietsovpetro.