Total oil discovery in Vietnam
Posted: 23 November 2009
Total subsidiary, Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Nau prospect, located in the southern part of the block in the Vietnamese offshore.
15-01/05 LDN-1X exploration well is the first well drilled and the first discovery made on Block 15-01/05.
It is located approximately 110 kilometers to the East of Vung Tau, about 65 kilometers off the coast, and was drilled in a water depth of 45 meters.
The well produced 4,200 barrels per day of 44 API° oil during tests performed in the basement.
Phu Quy Petroleum Operating Exploration and Production Company Limited,a subsidiary of Petrovietnam Exploration and Production Corporation, is the Operator of Block 15-1/05 with a 40 per cent stake.
The other partners on Block 15-1/05 are Total E&P Vietnam (35 per cent) and SK Energy (25 per cent).
Total Exploration & Production in Vietnam
In addition to its 35 per cent participation in Block 15-1/05, Total signed in March 2009 a production sharing contract with Petrovietnam for Blocks DBSCL-02 and DBSCL-03. Located in the Mekong delta region, these onshore blocks are held by Total (75 per cent, Operator) and Petrovietnam Exploration and Production Corporation (25 per cent).
Total Exploration & Production in Asia - Pacific
Total’s share of production in the Asia-Pacific region averaged 246,000 barrels of oil equivalent per day in 2008, accounting for 11 per cent of the Group’s total output and close to 50 per cent of its liquefied natural gas (LNG) output.
Present in Indonesia, Total has operated the Mahakam Block since 1970 and is one of the country’s leading producers of natural gas. The Group also produces gas in Thailand, Myanmar and the Sultanate of Brunei.
Total diversified its assets with the acquisition of interests in a number of exploration licenses in Australia, Malaysia and Vietnam. It has a 24 per cent interest in Australia’s Ichthys LNG project, in partnership with INPEX, and has signed a production sharing contract with China National Petroleum Corporation to study the natural gas resources of the South Sulige Block in China.
Posted by Richard Price, Editor, EnergyME.com
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