Successful results from Vietnam project: PTTEP
PTT Exploration and Production (PTTEP) and its partners have successful appraisal results from the TGT-10XST1 well in Vietnam.
The well is located in the south of Te GIac Trang Field (TGT) of Vietnam 16-1 Project, or also known as Area H5.
Tevin Vongvanich, president and CEO of PTTEP, said that the well is the first appraisal well drilled in Area H5. The drilling campaign started on June 19, 2013 at the 3,880 metres depth and successfully yielded petroleum discoveries with 119 metres of net pay, on August 11, 2013.
The flow tests showed in 1st zone of Oligocene C, crude oil flow at approximately 6,083 barrels per day (BPD) and associated gas flow at approximately 0.88 million standard cubic feet per day (MMSCFD); in 2nd zone of Lower Miocene 5.2L, crude oil flow at approximately 4,896 BPD and associated gas flow at approximately 1.29 MMSCFD; and lastly, in 3rd zone of Lower Miocene 5.2U+L, crude oil flow at approximately 4,835 BPD and associated gas flow at approximately 23 MMSCFD.
Further development plan is being studied to maintain the production rate of 40,000-45,000 BPD in Vietnam 16-1 Project.
The Vietnam 16-1 Project is operated by Hoang Long Joint Operating Company, which is owned 28.5 per cent by PTTEP Hoang Long, 41 per cent by PetroVietnam Exploration Production Corporation (PVEP), 28.5 per cent by SOCO Vietnam Ltd, and 2 per cent by OPECO Vietnam Ltd.
Currently, PTTEP has invested in 4 exploration and production projects in Vietnam, namely Vietnam 9-2 and Vietnam 16-1 which are under production phase, and Vietnam B & 48/95 and Vietnam 52/97 which are under pre-development phase.