Vietsovpetro Announces Oil Discovery In Bach Ho Dong Bac - 19 Exploratory Well In Vietnam

Published: 06-Jul-2009

By: Staff Writer Staff Writer Staff Writer

Vietsovpetro JVC (Vietsovpetro), a Vietnam-Russia oil and gas joint venture, has reported a new oil discovery in the Bach Ho Dong Bac – 19 exploratory drilling well, NhanDan Online reported. The primary results indicate that the reserves are present in depth of 4,606 meters to 4,654 meters and the average density of oil is 0.82 g/cm3 (40° API). The new independent oil reserves have no hydraulic connection with the presently exploited oil reserves in the basement of Bach Ho field.

According to Tran Hoi, deputy general manager on geology of Vietsovpetro, the oil well is the artesian well of the maximum hydraulic pressure among oil discoveries of Vietsovpetro in the precedent 28 years.

Vietsovpetro also encountered an Oligoxen-bearing seams on the sediment. The findings will be further studied once the work on drilling well is concluded.