Project Profile
Value: Undisclosed
Location: Malay-Tho Chu basin, southwest Vietnam
Reserves: 30.0 MMboe (2C) to 49.5 MMboe (3C) (gross Contingent Resources)
Area: unknown
Start-up Year: 2017-18
Block 46/07 is located in the Malay-Tho Chu basin. Nam Du field is the main focus in the block. Mitra holds 70% equity and operatorship in the PSC, after withdrawal of Talisman from the PSC in November 2014. PVEP holds the remaining 30% equity. The partnership drilled two exploration wells in 2013, the first of which, 46/07-ND-1X (Nam Du), was a discovery. The Nam Du discovery was independently audited by Senergy (September 2014 CPR) to have gross Contingent Resources of 30.0 MMboe (2C) to 49.5 MMboe (3C). Vietnamese government technical audit (Reserve Assessment Report or RAR) for the Nam Du Field were presented to the Petrovietnam Reserves Committee on November 11, 2015. Formal Petrovietnam written approval of the RAR was received on 30th December 2015. Outline Development Plan (ODP) for the field is currently being reviewed by PVEP prior to submission to Petrovietnam for approval. An appraisal well is planned on the Nam Du Field in Q3, 2016 to facilitate the transition of 3C to 2C resources. The well is being designed to be suspended as a potential future production well. Mitra is currently in discussions with Petrovietnam regarding deferring the well to coincide with further development drilling on the Nam Du Field in 2017-18. 3D seismic inversion reprocessing has been undertaken, calibrated to the 2013 wells. This new dataset has helped high grade three prospects in the block for which Senergy (September 2014 CPR) reported total gross unrisked Prospective Resources of 29 MMboe (Pmean) to 56 MMboe (P10).
Operators:
Jadestone Energy: Operator with 100% working interest (70% equity)
PetroVietnam Exploration and Production Company (PVEP): 30% equity interest