Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract that the semi-submersible drilling rig the 'Ocean General' spudded the 07/03-CD-1X exploration well on 28th January. The well is being drilled in a water depth of about 130m, with a planned total measured depth of approximately 3,817m BRT. As at 0600 hours on 29th January the well was at 227 m BRT.

The 07/03-CD-1X well will evaluate the hydrocarbon potential of the Silver Sillago prospect, a tilted fault trap targeting Miocene clastic reservoirs similar to those encountered in the successful Cá Rong Do (CRD) structure located about 55km to the east in Block 07/03. The well will be plugged and abandoned after the evaluation has been completed.

Tags: Pan Pacific Petroleum