Italy’s Eni announced that it has found gas and condensate in the exploration block 114, Song Hong Basin, offshore Vietnam
The well result indicated a significant potential of the hydrocarbon accumulation. Eni Vietnam is the Operator of Block 114 with a 50 per cent share; ESSAR E&P holds the remaining 50 per cent.
The exploration well Ken Bau 1X has been drilled at a depth of 95 meters below water level, and reaches a total depth of 3,606 meters, encountering several intervals of gas and condensate sandstone interbedded with Miocene age shale, with an estimated net reservoir thickness in excess of 100 meters.
Eni said it is already planning a drilling campaign early next year to fully assess the substantial upside of the discovery.
Eni believes that the Ken Bau 1X results represent a significant breakthrough for evaluating the exploration potential in the Song Hong basin, where Eni Vietnam also operates with a 100% share in the neighbouring Block 116.