Offshore staff

LONDON -- In Cuu Long Basin, off southeast Vietnam, SOCO International's Te Giac Den 1X side track well is at 5,096 m (16,719 ft) MD. The Hoang Long joint operating company is running logs prior to setting casing.

The Te Giac Trang appraisal well has reached its targeted MD of 3,437 m (11,276 ft) and is being logged prior to testing.

Three development wells have been drilled on the Ca Ngu Vang oilfield and another well partially drilled and suspended pending installation of an unmanned platform. Once the platform and topsides are in and drilling rig finishes on the TGT-6X appraisal well, where it was redeployed to allow platform installation, the three existing development wells will be tied-back and completed and production will commence.

The rig then will finish drilling and completing the fourth well and procede with the planned four producer and two injector development drilling program. Major facilities, equipment orders and installation proceeds apace to meet the planned onstream date within approximately 60 days. The jacket is installed and the first of the two pipelines is being laid.

At Bualuang field off Thailand, a wellhead platform has been installed and five producer wells and one water injection well have been drilled. An FPSO facility has arrived in the field and should be ready to commence production operations by the end of the quarter.

05/14/2008