Project Profile
Location: Nam Con Son basin, offshore Vietnam
Area: 1,180 sq kms
Reserves: 40 billion cubic metres of gas and 9 million tonnes of gas condensate
Block 05-3/11 is an offshore block in Vietnam. Rosneft Vietnam owns 100% in the project and is the project operator. The licensed block is located in the region with proven hydrocarbon potential and well-developed infrastructure that also borders with the already operated fields of Block 06.1. The current estimate of Block 05.3/11 reserves is 40 billion cubic metres of gas and 9 million tonnes of gas condensate. 3D-seismic survey of 1,180 sq kms and subsequent interpretation and studies have been completed, structures for exploration drilling activities in 2016 were defined.
In September 2015, Rosneft Vietnam, a company of Rosneft Group, and Japan Drilling Co (JDC) represented by its subsidiary Hakuryu 5, Inc. have signed an agreement on provision and operation of the marine drilling rig HAKURYU-5, for the purposes of drilling exploration wells within the framework of Rosneft’s projects in Vietnam. It is planned to drill two wells in Block 05-3/11 in the Nam Con Son basin offshore Vietnam in 2016. Consistent implementation of drilling works at both blocks will ensure synergy between the two projects and help reduce the timelines for implementation of the works, thus maximizing the efficiency of exploration activities at the Company’s Vietnamese assets.
Operators:
Rosneft Vietnam: Operator (Rosneft Group and Japan Drilling Co (JDC))
Contractors:
Japan Drilling Co (JDC): Drilling contract using the marine drilling rig HAKURYU-5, for the purposes of drilling exploration wells within the framework of Rosneft’s project