Eni Finds More Oil, Gas Offshore Vietnam
Italian Eni July 27 said its exploration well, Ken Bau-2X in Song Hong basin, has found oil and gas in Block 114, offshore Vietnam. The find further expands the potential of the Ken Bau discovery, it said.
Eni said that two mini drill stem tests (DST) were conducted, coupled with an extensive data acquisition campaign comprising fluid sampling. Preliminary estimates of Ken Bau accumulation provide a range between 7 and 9 trillion ft3 of gas in place with 400-500mn barrels of condensates. The well will now be plugged and abandoned.
Eni is the operator of the block with a 50% share; India's Essar holds the remaining 50%. Eni said it is planning additional drilling and testing on Ken Bau, coupled with new drilling and seismic activity in the Song Hong basin, where Eni operates and wholly owns neighbouring Block 116.
“The gas market in Vietnam is rapidly growing, driven by the country’s consistent GDP progress and the consequent development of gas-to-power plants supplied by domestic resources and, in the future, imported LNG. The Ken Bau discovery will potentially provide a fast-track solution to meet the increasing energy demand,” Eni said.