Essar Exploration & Production Limited (EEPL) and ENI have jointly announced that their exploration well located at Block 114, Song Hong Basin, Offshore Vietnam, has established the presence of gas and condensates in the Ken Bau prospect. ENI is the operator of the block with 50% participating interest.
ENI, in its press release said:
exploration well located at Block 114, Song Hong Basin, offshore Vietnam, has
proven the presence of gas and condensate in the Ken Bau prospect. The
well result indicates a significant potential of the hydrocarbon accumulation.
Eni Vietnam is the Operator of Block 114 with a 50% share; EEPL holds the
exploration well Ken Bau 1X has been drilled at a depth of 95 m below water level,
and reaches a total depth of 3,606 m, encountering several intervals of gas and
condensate sandstone interbedded with Miocene age shale, with an estimated net
reservoir thickness in excess of 100 m.
Bau 1X well was plugged and abandoned ahead of the original plan due to certain
technical issues, prior to reaching deeper levels that could hold significant
additional resources. ENI is already planning to start a drilling campaign
early next year to fully assess the substantial upside of the discovery.
Bau 1X results represent a significant breakthrough for evaluating the
exploration potential in the Song Hong Basin.
EEPL is a global oil & gas
exploration & production company based in Mauritius. It has invested over
USD 1.1 billion in the exploration & production business to date. EEPL
currently has investments in three upstream oil and gas ventures:
venture with Eni in Vietnam
in an exclusive block OPL 226 in Nigeria
Hydrocarbon acreages in India through wholly owned subsidiary Essar Oil and Gas
Exploration and Production Limited ( EOGEPL)
EOGEPL is one of the largest unconventional E&P companies in India with a
significant resource base in strategically located sedimentary basins across
the country. It is a pioneer in
Unconventional Hydrocarbons in India. The Raniganj CBM asset in West Bengal is
internationally considered as a showcase for CBM learning and development, and
is the first CBM asset in India to cross the threshold of 1 million cubic
metres per day of gas production