Drilling Result of exploration well COD-2X, Block 9-2 in Vietnam Project

abarrelfullabarrelfull wrote on 04 Mar 2015 06:48

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April 2, 2007

Reference is made to PTTEP Hoan Vu Company Limited, a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), which has a 25% participation interest in the Vietnam 16-1 project, and the other partners, consisting of Petrovietnam Exploration and Production Company, and SOCO Vietnam Limited with 50% and 25% interests respectively.

PTTEP wishes to report that the exploration well COD-2X, the last exploration well per obligation with the Vietnamese government, at Ca Ong Doi prospect of Block 9-2 in Vietnam project was drilled to the total depth of 3,540 meters where a thin oil reservoir was encountered. It was then decided not to perform the flow test, and the well was deemed non-commercial. The rig will be moved to Block 16-1 in Vietnam project for more exploration and appraisal wells drilling.

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