The company Vietgazprom has completed engineering and geological surveys in full at the location point of the exploratory well VGP-111-BV-4X at the Bao Vang structure in Vietnam.
The surveys were conducted as part of the preparation to extend the drilling programme in block 112 of the continental shelf of the Socialist Republic of Vietnam. At present time, the demobilisation of equipment is currently being completed on the research/survey vessel Diabaz.
Within the scope of the completed work, Diabaz drilled engineering and geological wells for assessing the characteristics of the soil, and carried out high-resolution 2-D seismic surveying, as well as analogue surveys. The results of the engineering and geological surveys will enable an assessment to be made of the condition of the topmost rock, which will be essential for the drilling vessel's next direction.
The drilling of exploratory well VGP-111-BV-4X is planned 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 International (formerly Gazprom zarubezhneftegaz). The joint operational company Vietgazprom acts as the operator for carrying out the work in block 112.
An exploratory well in the Bao Vang structure, drilled by Vietgazprom in August 2007, indicated recoverable reserves of gas. This enabled the opening of the Bao Vang gas condensate deposit to be announced.