Project Profile
Location: 370 km from the shore, Nam Con Son basin, offshore Vietnam
Reserves: 68 billion cubic metres
Production: 300 million barrels of oil equivalent (or over 46 bcm of gas)
Depth: 190 m
Block 06.1 is an offshore block in Vietnam. Rosneft Vietnam owns 35% in the project, acting as the project operator; the project is being implemented based on the Production Sharing Contract (PSC). The PSC area comprises two gas condensate fields – Lan Tay and Lan Do. The fields are located 370 km from the shore in the Nam Con Son basin, the sea depth at the fields reaches 190 m. The initial gas reserves at the fields are about 68 billion cubic metres. By June 2015, accumulated production from Block 06.1 reached 300 million barrels of oil equivalent (or over 46 bcm of gas).
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 project in Vietnam. It is planned to drill two wells in Blocks 06.1 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))
RN-Vietnam: Drilling operator using Hakuryu-5 drilling rig. (August, 2016)
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