Vietsovpetro unearths fresh oil

08:44 | 03/07/2012 Print Article

The Russian-Vietnamese oil and gas joint venture, Vietsovpetro, on July 2 announced that it has discovered a new oil supply at its Tho Trang (White Rabbit) structure in lot 09-1 to the northwest of Bach Ho (White Tiger) oil field.

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Vietsovpetro deputy general director Le Viet Hai said the oil flow of 1,690 barrels a day was discovered at a depth of 3,500-3,650m in well ThT-1X in the Tho Trang (White Rabbit) structure. The new oil site is in a separate geological structure in lot 09-1, Hai added.

The JV is scheduled to test four other potential sites in the upper layers of the well.

Hai also said that after well ThT-1X, Vietsovpetro will drill well ThT-2X to make an assessment for the oil and gas reserve in Tho Trang structure and conduct further economic and technical solutions to exploit the supply in 2013.

Source: VIR/VNA

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