Pan Pacific drills offshore Vietnam

Pan Pacific is drilling Vietnam's offshore Ca Voi-1X well to evaluate the Whale prospect's hydrocarbon potential, according to Proactive Investors.

Pan Pacific is drilling Vietnam's offshore Ca Voi-1X well to evaluate the Whale prospect's hydrocarbon potential, according to Proactive Investors. The well's operator, Original Energy, is drilling in water depths of about 885 feet with plans to drill to a total depth of more than 12,300 feet.

The Whale prospect targets Oligocene clastic reservoirs and is a tilted fault. The drilling of the Ca Voi-1X well will be followed by exploration in the Block 07/03, which is operated by Premier Oil, the source reported.

The Ca Voi-1X well is located in Block 121, where Pan Pacific holds a 15 percent interest. The area also has hydrocarbon potential. Pan Pacific also holds a 5 percent interest in Block 07/03, which is adjacent to Block 12W. According to Proactive Investors, the Chim Sao and Dua Oil Fields are located in Block12W. Chim Sao holds 50 million barrels of oil equivalent. The Lan Tay and Lan Do Gas Fields, located in Block 06-1, holds 2 trillion cubic feet of gas reserves.

The CRD-1X oil and gas well was drilled in June 2009 and produced 3,265.4 barrels of oil as well as 8.1 million cubic feet of gas per day from two zones in the Miocene sands. The well is located in Block 07/03, the source reported.

Visit PennEnergy's research area to learn more about oil and gas exploration and production in Vietnam.

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