The largest oil field just discovered offshore Vietnam

Eni announces that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its potential.
July 31, 2020 | 07:23
vietnam petrol prices continue to rise sharply Vietnam petrol prices continue to rise sharply
vietnams oil and gas giant projected to loss billions of dollars Vietnam’s oil and gas giant projected to loss billions of dollars
us concerns about chinas interference in vietnams oil and gas activities US concerns about China’s interference in Vietnam’s oil and gas activities
2918 kb1
Photo: Internet

Ken Bau 2X was drilled 2 km apart from the discovery well in 95 m of water depth till a total depth of 3658m below sea level and encountered a pay in excess of 110m in several intervals of Miocene sandstones interbedded with shale.

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 cubic feet (Tcf) of raw gas in place with 400 – 500 million barrels (Mbbl) of associated condensates. Thanks to this, the Vietnam Oil and Gas Group has completed its plan to increase reserves by 2020. The well will now be plugged and abandoned.

Ken Bau 2X results confirm the importance of the discovery made in 2019, and Eni Vietnam’s and its partner Essar E&P efforts to swiftly appraise the full extent of the accumulation despite the significant operational challenges posed by the COVID-19 pandemic during these months.

2919 kb2
Photo: Internet

Eni Vietnam is the Operator of Block 114 with a 50% share; Essar E&P holds the remaining 50%. Eni Vietnam with its partner is currently planning additional drilling and testing on Ken Bau discovery coupled with new drilling and seismic activity in the Song Hong basin, where Eni operates with a 100% share the neighbouring Block 116.

The gas market in Vietnam is rapidly growing, driven by the Country’s consistent GDP progression and consequent development of gas-to-power plants supplied by domestic resources and, in the future, imported LNG. Ken Bau discovery will potentially provide a fast-track solution to meet the increasing energy demand.

It is expected that Ke Bau will be exploited from 2028. This is an extremely important premise for exploration activities as well as the next exploitation development in Lot 114 and other nearby areas which contribute to the strong development of the gas power industry in Quang Tri - Thua Thien Hue and Central regions.

foreign investors in vietnam new chance for gasoline retail the market share is going to shift Foreign Investors in Vietnam, new chance for Gasoline retail: The market share is going to shift

The Ministry of Industry and Trade is proposing to allow Foreign Investors to participate further into the petroleum industry, specifically in retail.

vietnams oil and gas giant projected to loss billions of dollars Vietnam’s oil and gas giant projected to loss billions of dollars

Vietnam's national oil and gas group Petrovietnam may incur a loss of up to US$3 billion in revenue if prices of crude oil can not reach a ...

vn russia to promote businesses cooperation in oil gas exploration VN, Russia to promote businesses’ cooperation in oil, gas exploration

Vietnamese Prime Minister Nguyen Xuan Phuc and his Russian counterpart Dmitry Medvedev discussed measures to enhance the two countries’ cooperation during talks in Moscow on ...

Le Dang
Phiên bản di động