Pan Pacific Petroleum Vietnam has announced the spudding of the 07/03-CD-1X exploration well at the Block 07/03 production sharing contract in the Nam Con Song basin.

Premier Oil Vietnam South spudded the well using the semi-submersible drilling rig the Ocean General.

Being drilled in a water depth of about 130m with a planned total measured depth of around 3,817m BRT (below rotary table), the well was at 227m BRT at 0600 hours on 29 January.

It will evaluate the hydrocarbon potential of the Silver Sillago prospect, following which it will be plugged and abandoned.

Partners in the block include Pan Pacific Petroleum (Vietnam) (5%), Premier Oil Vietnam South (30%), Vamex (25%), Mubadala Petroleum (25%) and PetroVietnam Exploration and Production Corporation (15%).

Recently, Talisman Energy’s subsidiary acquired Premier Oil Vietnam South and Vamex.