Mitra outlines plans for offshore Vietnam gas discoveries

Offshore staff

VANCOUVER, CanadaMitra Energy expects to submit outline development plans for two gas fields offshore southwest Vietnam by the end of this year.

These are the Nam Du field in the block 46/07 production-sharing contract (PSC) and U Minh in the block 51 PSC.

Mitra operates the two PSCs and another for block 45, all in the Malay-Tho Chu basin, in partnership with Petrovietnam (PVEP). They aim to develop the gas through the existing offshore PM3CAA-Ca Mau pipeline infrastructure from 2018 onward.

An appraisal well is planned on Nam Du in 2Q 2016, which will probably be suspended as a potential future producer. However, Mitra is in discussions with PVEP on deferring the well to coincide with more concerted development drilling on Nam Du during 2017-18. 

Nam Du and U Minh will likely be jointly developed with other PVEP gas discoveries in the adjacent block 46/13 PSC.    

An update to the subsurface model for the Tho Chu field in the block 51 PSC was completed this summer and will serve as the basis for future appraisal drilling. Mitra has requested a six-month extension to Exploration Phase Two of the PSC to assess optimal timing for this campaign.

The company also operates the offshore block 127 PSC covering an area of more than 9,000 sq km (3,475 sq mi) at the southern end of the deepwater frontier Phu Khanh basin offshore eastern Vietnam.

Various minor discoveries of oil and gas have shown the region’s potential for hydrocarbon generation, with ENI, Murphy Oil, Repsol, ONGC, Santos, and Origin Energy all licensing acreage in the area.

In June, Mitra completed acquisition of 533 sq km (206 sq mi) of full-fold 3D seismic over prospects identified on earlier 2D data, with a view to identify potential drilling locations. Following initial interpretation of the new data, the company plans to start a farm-out process in 1Q 2016, designed to attract partners to fund drilling of exploration wells.


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