This is from upstreamonline.
Vietnam probe flirts with Premier
By Upstream staff
The Premier-operated Ca Rond Do (Red Emperor) exploration well on Block 07/03 off Vietnam has reached a total depth of 3810 metres BRT after encountering oil and gas shows.
The well was spudded on 6 May using the semi-submersible drilling unit Hakuryu-5.
Wireline logging has now started to determine the net pay and nature of the hydrocarbons, co-venturer Pan Pacific Petroleum said today.
Block 07/03 covers 4915 square kilometres in the prospective Nam Con Son basin, and is next to Block 12W which holds the Chim Sao and Dua oilfields.
Upon completion of Pan Pacific Petroleum’s farm-in obligations, the company will hold a 15% stake in the block, which is operated by Premier on a 30% interest. Other partners include the Vietnam American Exploration Company (Vamex) on 50% and Pearl with 15%.
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