The joint operating company Vietgazprom is completing abandonment work on the second exploratory well VGP-113-BV-3X in the Bao Vang structure.
Tests have confirmed the presence of recoverable reserves of hydrocarbon gas and condensate.
There is no carbon dioxide or hydrogen sulphide present.
The company is planning to transfer the drilling Ship Energy Searcher to a new point - the exploratory well VGP-111-BV-4X - in the near future.
The joint operating company Vietgazprom has drilled the exploratory well VGP-113-BV-3X within the scope of the Oil-and-Gas contract for block 112, signed between Gazprom, the Vietnamese National Oil-and-Gas Group Petrovietnam, PVEP Corporation for Oil-and-Gas Prospecting and Production and Gazprom zarubezhneftegaz.
The hydrocarbon deposit was opened in the Bao Vang structure in August 2007.
The first exploratory well in Bao Vang (VGP-111-BV-2X) was drilled in December 2009.
The drilling of well VGP-113-BV-3X was completed in September this year. Four objectives were tested, selected on the basis of GIS interpretation and core sampling.