According to the report of Rosneft on August 11, 2016, the exploration well PLDD discovered Wild Orchid gas condensate field at Block 06.1.
Rosneft started drilling the well, the company’s first drilling project as an operator in the international waters, in March 2016 with the Hakuryu-5 semi-submersible drilling rig.
The rig is owned and operated by Japan Drilling Co. (JDC).
Rosneft announced in its operating results report for 2Q 2016, that the drilling operations carried out in the shelf of Vietnam from the Hakuryu-5 drilling rig were completed during the quarter.
Drilling operator is RN-Vietnam. According to the company, the exploration well PLDD discovered Wild Orchid gas condensate field at Block 06.1.
The company stated that the volume of reserves and commercial attractiveness of the discovery are yet to be confirmed.
Rosneft also reiterated its statement from March that said the discovery could be developed by subsea completion and then tied-back to the existing Lan Tay platform in Block 06.1.
The Lan Tay platform is also operated by RN-Vietnam.
In June 2016, during SPIEF, Rosneft signed a contract with Vietnamese PV Oil providing for supplies of up to 1.5 mmt per year in 2017-2020 and up to 4.5 mmt per year in 2021-2040 (the total volume is up to 96 mmt).