8th November 2013 |
Vietnam Block 07/03 Appraisal Drilling Update |
Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of |
the Block 07/03 Production Sharing Contract that drill stem flow testing |
(DSTs) of three key Miocene reservoir sands encountered in the CRD-3X |
appraisal well being drilled by "Ocean General" semi-submersible drilling rig |
has been completed. |
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The results from the DSTs of these three sandstones reservoirs, which have |
not previously been flow tested, are summarised below; |
|
First test: 4100 barrels of 31.8 deg. API oil per day plus 1.93 million |
standard cubic feet of gas per day, through a 40/64" choke. |
Second test: 2750 barrels of 26.4 deg. API oil per day plus 0.75 million |
standard cubic feet of gas per day, through a 40/64" choke. |
Third test: 1161 barrels of 17.6 deg. API oil per day plus 0.07 million |
standard cubic feet of gas per day, through a 32/64" choke. |
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No water was produced in any of the tests. |
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The well is currently being sidetracked to test a structure within the CRD |
field to the south of CRD-3X to evaluate the potential for additional net pay |
within the Miocene reservoirs. |
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The appraisal well and side track are designed to resolve resource |
uncertainties in the C R?ng ?? (CRD) oil and gas/condensate discovery and |
prove up sufficient recoverable volumes to justify a commercial development. |
.
Good results for this stock ??
BB:) |