Filter news

57367 articles online
Opinion & Comm.
Keyword

All words
Any words

Added
 

Article Tools

 

SOCO Provides Vietnam Drilling Update

Friday, May 4, 2007

SOCO International plc's majority owned subsidiary, SOCO Vietnam Ltd., announces that the Te Giac Cam (TGC-1X) well, the first well on Prospect "S" in Block 16-1, will be plugged and abandoned after reaching a total depth of 4,196 metres. While the reservoir in the primary target, the Lower Bach Ho 5.2 interval, was not developed, the well did encounter oil shows in the Oligocene and the well was deepened to further evaluate this section.

While drilling in the Oligocene, the well encountered unexpected high pressure, with associated oil and gas shows, and had to be cased using a 7 inch liner prior to drilling to total depth. Examination of the well and logging data indicated that, despite the hydrocarbon influx, it was not sufficiently encouraging for the well to be tested. However, overpressure in the Oligocene could be a positive indication for the Oligocene/Basement target on Prospect "E" approximately 17 kilometres to the southeast.

This rig will be released; however, a new rig, the Adriatic XI, is expected to arrive in June to continue exploration drilling on Block 16-1.

The PVD-1 drilling rig spudded the Te Giac Den (TGD-1X) well on Prospect "E" in Block 16-1 on 5 April 2007. This is the first well for the new rig retained primarily to drill development wells on the Ca Ngu Vang field on Block 9-2. The rig is currently drilling ahead at approximately 1,800 metres preparing to set 13 3/8" casing. The well is expected to take approximately 60 days to drill. A test, if required, would add approximately 30 days to the schedule.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related Companies

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

Key Supporters


 

» More Jobs       » Upload a free Job       » Upload your CV

  • New Ventures Geoscientist

    Salary £50000 - £100000 per annum + Bonus, Pension, Local   |   Geosciences  |  England,London

  • Reservoir Geologist

    Salary £60000 - £100000 per annum + pension, bonus, share plan   |   Geosciences  |  England,London

  • Controls Engineer - Subsea - Operator - Norfolk

    Salary £55000 - £65000 per annum + Bonus, pension   |   Engineer - General  |  England,Norfolk

  • Senior Java Developer

    Salary £60 - £70 per annum + bonus, pension, health care etc   |   IT  |  England,London,City of London

  • Petrophysicist

    Salary £100000 - £120000 per annum + competitive   |   Geosciences  |  Switzerland,Genève

  • Engineer

    Salary £100000 - £101000 per annum + competitive   |   Engineer - Petroleum  |  Scotland,Aberdeen

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • What ails the North Sea?
    There is a need to act before the North Sea ‘fails’ economically Despite continuing high oil prices, the mature UKCS and NOCS producing provinces continue to b ...
  • Oil and cash flow: the Kurds' conundrum
    Some ten days ago, the Kurdistan Regional Government (KRG) were reported to have sent Peshmerga units into the Bai Hassan and Kirkuk oil fields - formerly under ...

» More Opinion & Commentary         » Write for us             RSS RSS

OilVoice Magazine
Oil Echo
Oil Earth

Opinions & Commentary

How will independence affect the oil and gas industry in the North Sea?

by Matthew Foster

Read More »