Murphy Oil Corp. mentioned Tuesday it has found oil within the Cuu Lengthy Basin offshore Vietnam.
The Hai Su Vang-1X effectively, a part of Block 15-2/17, encountered about 370 ft of web oil pay throughout two reservoirs. The effectively was drilled to complete depth of 13,124 ft in 149 ft of water, the oil and fuel exploration and manufacturing firm mentioned in a web based assertion.
“Extra analysis is ongoing and future appraisal drilling will probably be carried out”, Houston, Texas-based Murphy mentioned.
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“Hai Su Vang is one in all a number of exploration prospects that Murphy has recognized within the basin. The findings introduced right now may kind the idea for future improvement of the Hai Su Vang subject”.
Eric M Hambly, president and chief govt of Murphy, mentioned, “This discovery provides additional upside to our present Vietnam enterprise”.
Murphy operates Block 15-2/17 with a 40 p.c stake by subsidiary Murphy Cuu Lengthy Tay Oil Co. Ltd. PetroVietnam Exploration Manufacturing Corp. Ltd. (PVEP), the upstream arm of state-owned Vietnam Oil and Gasoline Group (PetroVietnam), owns 35 p.c whereas SK Innovation Co. Ltd., below South Korea’s SK Group, holds the remaining 25 p.c.
The invention effectively is a part of a two-well exploration program within the Southeast Asian nation that Murphy launched within the third quarter of 2024. Murphy will now proceed to spud the Lac Da Hong-1X effectively in Block 15-1/05, positioned in the identical basin. The 2 blocks span almost 1.4 million gross acres in complete, in accordance with the corporate.
In 2019 Murphy made a discovery in Block 15-1/05, which it operates with a 40 p.c stake by subsidiary Murphy Cuu Lengthy Tay Oil Co. Ltd. PVEP owns 35 p.c whereas SK Innovation holds the remaining 25 p.c.
The LDT-1X effectively in Block 15-1/05 struck about 320 ft of web oil pay within the major goal and 62 ft of web oil pay within the secondary goal. It was drilled to a complete depth of 14,090 ft, Murphy mentioned on the time.
The effectively has since been integrated into the event section of the adjoining Lac Da Vang subject. The sphere’s platform development began within the third quarter of 2024, Murphy mentioned in a press release November 7, 2024.
Elsewhere in Vietnam, Murphy holds a 65 p.c working stake in deepwater blocks 144 and 145, which span a mixed 6.55 million gross acres. Situated within the Phu Khanh Basin, the blocks have prospects for each oil and fuel, Murphy says on its web site.
To contact the writer, electronic mail jov.onsat@rigzone.com
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