Rosneft subsidiary starts drilling at Vietnam’s offshore fields

09/03/2016

Nam Con Son Basin VietnamVietnam’s offshore fields: Rosneft Vietnam has started drilling exploration wells in the Nam Con Son Basin off Vietnam’s South China Sea coast, it announced this week, the first time it has undertaken a drilling project in international waters. “The depth of the well will be around 1,380 m, while the sea depth in the area is about 162 m,” it said in a statement. The expected recoverable reserves of natural gas in the PLDD 1X geological structure are estimated at 12.6 bcm, and 0.6 mt of gas condensate which can be developed by subsea completion and tied-back to the existing Lan Tay platform operated by Rosneft in Block 6.1. The drilling will be performed using the Hakuruyu-5 drilling rig owned and operated by Japan Drilling Co., Ltd (JDC).”
 Following exploration at PLDD 1x, the company will drill another exploration well in the Nam Con Son basin. Incorporating the two wells into the same program will ensure synergy between the two projects and help reduce the timelines for implementation of the works, thus maximizing the efficiency of exploration projects at the company’s Vietnamese assets, the company said.
Rosneft owns 32.67% of the Nam Con Son pipeline, which delivers gas and condensate from the offshore blocks of the Nam Con Son basin to the onshore power generation complex.
 “Rosneft team has already demonstrated their competence in Russia during the successful drilling of the world’s northernmost well in the Kara Sea, which resulted in the discovery of a new deposit, the Pobeda field,” Rosneft Chairman Igor Sechin said after the announcement. “I am sure that the experience gained in Vietnam will be used by the Company not only in its activity in the southern seas, but that these competences will find application in planning and implementation of upstream projects in other remote areas.
“I would especially like to emphasize that this project is an example of advanced cooperation with Petrovietnam and ONGC, our partners in the Asia-Pacific. We appreciate not only the current progress of progress of joint projects implementation in Vietnam, but also the future prospects for their development.”

Source: ITAR-TASS