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Exploratory drilling begins offshore

Released at: 20:16, 09/03/2016

Exploratory drilling begins offshore

Rosneft Vietnam B.V. gets drilling underway at Block 06.1 in Nam Con Son basin.

by Hoang Thu

Rosneft Vietnam B.V., a subsidiary of Russia’s Rosneft Group, has begun exploratory drilling at the PLDD-1X well at Block 06.1 in the Nam Con Son basin offshore of Vietnam.

The well will be around 1.38 km deep in seas with a depth of 162 meters.

Recoverable reserves in the PLDD geological structure are estimated at 12.6 billion cubic meters of natural gas and 600,000 tons of gas condensate. The reserves can be achieved by sub-sea completion and tied-back to the existing Lan Tay platform operated by Rosneft in Block 6.1.

Exploratory drilling will be conducted with the use of the HAKURYU-5 rig owned and operated by the Japan Drilling Co. (JDC), under an agreement signed by the two sides at the Eastern Economic Forum in 2015.

Following the PLDD-1X well, Rosneft Vietnam B.V will conduct further exploratory drilling at Block 05.3/11, also in the Nam Con Son basin. Incorporating the two wells will help ensure synergy between the two projects and reduce timelines for implementation, thus maximizing the efficiency of the company’s exploration projects offshore of Vietnam. 

“I would like to emphasize that this project is an example of cooperation with the company’s partners in the Asia-Pacific, like PetroVietnam and ONGC,” said Mr. Igor Sechin, Chairman of Rosneft’s Board of Management. “We appreciate not only the current progress of joint projects in Vietnam but also prospects for further development.”

Rosneft is currently involved in natural gas and condensate production and exploration projects in two blocks offshore of Vietnam.

Mr. Sechin expressed his belief that the experience gained in Vietnam will be used not only in its activity in the southern seas but also in the planning and implementation of upstream projects in remote areas of Vietnam.

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