Saturday, January 05, 2008

PetroVietnam affiliate strikes oil offshore

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

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

The Block 09-3 covers an area of 3,300sq km with a depth of 50m below sea level, about 135km southeast of Vung Tau.

A total of three exploration and appraisal wells drilled. A maximum oil inflow of about 4,150 bbls per day, with one tonne being 7.3 bbl, 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.

Because of the placement of the structure, the field is called Nam Rong – Doi Moi. — VNS