Vietsovpetro JV in Vietnam find

October 23, 2015

The joint venture of Zarubezhneft and Petrovietnam Vietsovpetro made a commercial discovery of the Sturgeon field offshore Socialist Republic of Vietnam.

Map of Block 09-3/12 (the greyed area). From Zarubezhneft.

Successful testing of the exploration well CT-3X Block 09/3-12 achieved a dry oil free flow to surface from the productive horizons of more than 1800 tons per day.

Block 09-3/12 is located in the South Conson basin, 150km southeast from Vung Tau, 20km east from Bach Ho field.

Prospects of oil and gas content are associated with the Oligocene-Miocene sediments and rocks of the crystalline basement.

The result of the first Upper Oligocene productive horizon test of the exploration well CT-3X Block 09/3-12 was a dry oil free flow to surface of 1300cu m/d, and the second Lower Miocene productive horizon testing resulted in a dry oil free flow to surface of 550cu m/d.

The Sturgeon (Ca Tam) field was discovered in 2014 in course of the exploration well 2-X testing. The oil reserves calculation shall be made and a design project for bringing the field into development shall be prepared basing on the results of the commercial discovery.



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