Idemitsu Makes Gas Discovery Offshore Vietnam

Idemitsu Oil & Gas Co., Ltd., JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce the discovery of gas and condensate at the fourth well called “SV-1X” in the “Sao Vang” structure in Blocks 05-lb and 05-lc offshore southern Vietnam.

Blocks 05-lb and 05-lc are located 300 km southeast of Ho Chi Minh City. The well was spudded in February 2014. The drill stem tests (DST) were carried out in May and August, and accumulations of gas and condensate were discovered.

Discovery of gas and condensate at this exploration well follows discovery and confirmation of oil and gas accumulations at other wells drilled in Blocks 05-lb and 05-lc. A detailed reservoir evaluation will be carried out in conjunction with further evaluation of other potential prospects in these blocks.

In October 2004, the partners jointly entered into a Production Sharing Contract with Vietnam Oil and Gas Group (Petrovietnam) for Blocks 05-lb and 05-lc offshore southern Vietnam, and were awarded an investment license by the Vietnamese government.

Press Release, August 21, 2014

Share this article

Follow Subsea World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >