Ensco 107 Starts Cua Lo-1 Drilling (Thailand)

KrisEnergy Ltd. , an independent upstream oil and gas company, has announced that the Eni-operated Ensco 107 jack-up rig began drilling the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”) in the Gulf of Tonkin, offshore Vietnam.

The Cua Lo-1 exploration well is planned to reach approximately -2,800 metres total vertical depth subsea and is intended to test the Cua Lo gas prospect. It is anticipated that drilling will last approximately 42 days.

“Cua Lo-1 is the first of two high impact exploration wells offshore Vietnam for us this year and we are excited to be finally drilling this attractive and large prospect. It is important to note that this is a wildcat well and therefore the risks are high, but both Block 105 and our other licence offshore Vetnam, Block 120, contain multiple prospects for future drilling whatever the outcome of these wells,” said Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production.

Block 105 covers an area of 7,192 sq km in the Gulf of Tonkin, overlying the central Song Hong Basin where water depths range from 20 metres to 80 metres. The water depth at the Cua Lo-1 location is 76 metres. KrisEnergy holds a 25% working interest in Block 105 and is partnered by Eni Vietnam B.V. as the operator with 50% working interest and Neon Energy (Song Hong) Pty Ltd with 25%.

 

 August 12, 2013

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