Drilling starts offshore Vietnam with Rosneft exploration well, as the oil and gas major looks to expand its exploration and production activities outside of Russia.
Igor Sechin Rosfnet Chairman announced the news saying: “For the first time Rosneft is operating a drilling project, in International waters confirming the company’s competence and ability to implement technically complex drilling programs offshore.”
Drilling Starts Offshore Vietnam
Exploration has already started in Block 06.1, with the Japan Drilling Co HAKURYU-5 drilling rig, spudding well PLDD-1X.
The well aims to reach natural gas reserves estimated to be around 12.6 billion cubic feet, at a target depth of 4,528 feet (1,380m).
If successful Rosneft plan to develop the well as a subsea asset, installing a tie-back to the nearby Lan Tay platform for processing.
Rosneft have greater ambitions in Vietnam, with a plan to drill a further well on completion ofPLDD-1X, and conduct a broadband 3D seismic survey of the wider area.
A company spokesman said: “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.”
Igor Sechin concluded: “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.”
“Today, the Company starts a similar project as a drilling operator in international waters.”
“I am sure that the experience gained in Vietnam will be used by the Company not only in its activity in the southern seas; these competences will find application in planning and implementation of upstream projects in remote areas.”
“I would especially like to emphasize that this project is an example of advanced cooperation with the Company’s partners in the Asia-Pacific: Petrovietnam and ONGC. We appreciate not only the current progress of joint projects implementation in Vietnam, but also the future prospects for their development.”