Petronas makes oil, gas discovery off Vietnam

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Sept. 2 -- Malaysia’s Petronas Carigali Overseas Bhd. made an oil and natural gas discovery with its Ham Rong-2X well in the Ham Rong oil field off northern Vietnam, according to local media reports.

Commercial output was estimated at 6,300 b/d and 8 MMscfd of gas on Block 106 of the Song Hong basin, about 75 km south of Haiphong, Vietnam’s official news agency said, citing the Tuoi Tre newspaper.

Analyst IHS Global Insight said the Ham Rong 2X well is likely to be an appraisal well on Block 106. The well followed the drilling of the Do-Son 1X wildcat, which was plugged and abandoned in mid-November 2009 having also encountered oil and gas shows.

“The discoveries at Ham Rong-2X will further support the company's exploration plans in Block 106, despite the complexities of exploring the area, due to seismic imaging difficulties and complex reservoir architecture,” IHS Global Insight said.

Petronas is operator of the block with a 50% stake. The remaining 50% is divided among Singapore's SPC, PetroVietnam Exploration & Production, and ATI Petroleum.

Contact Eric Watkins at hippalus@yahoo.com.



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