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Italian Eni confirmed "a significant hydrocarbon accumulation" on the Ken Bau discovery offshore Vietnam

Italian Eni confirmed "a significant hydrocarbon accumulation" on the Ken Bau discovery offshore Vietnam

Milan, July 28 - Neftegaz.RU. Eni said its exploration well, Ken Bau-2X in Song Hong basin, has found oil and gas in Block 114, offshore Vietnam.

The Ken Bau 2X was drilled 2 km apart from the discovery well in 95 m of water depth till a  total depth of 3658 m below sea level and encountered pay in excess of 110 m in several intervals of Miocene sandstones interbedded with shale. 

The Italian oil-and-gas company said preliminary estimates point to a range between 7 trillion and 9 trillion cubic feet of raw gas in place with 400 million to 500 million barrels of associated condensates.



Eni Vietnam is the Operator of Block 114 with a 50% share; Essar E&P holds the remaining 50%. Eni Vietnam with its partner is currently planning additional drilling and testing on Ken Bau discovery coupled with new drilling and seismic activity in the Song Hong basin, where Eni operates with a 100% share the neighbouring Block 116.

"The gas market in Vietnam is rapidly growing, driven by the Country’s consistent GDP progression and consequent development of gas-to-power plants supplied by domestic resources and, in the future, imported LNG. Ken Bau discovery will potentially provide a fast-track solution to meet the increasing energy demand," Eni said.

Eni operates Block 114 with a 50% share. Essar E&P holds the remaining 50%.