Project Profile
Location: southern end of Phu Khanh basin, offshore eastern Vietnam
Prospective Resources: 1,379 (Pmean) - 3,037 MMboe (P10)
Area: 9,000 sq km
Start-up Year: -
Offshore block 127 covers an area of more than 9,000 sq km and is located at the southern end of the deepwater frontier Phu Khanh basin, offshore eastern Vietnam. Activities are focused on the unexplored deepwater, eastern half of the block. This is in view of the significant hydrocarbon potential in the area, associated with a thick, Tertiary age sedimentary section. The seismic commitment was fulfilled when a total of 4,015 full fold line km of 2D seismic data were acquired during 2012. Pre-STM processing of the 2D seismic data was completed in February 2013 and resulted in the identification of three prospects and six leads with a combined gross unrisked Prospective Resources of 1,379 MMboe (Pmean) to 3,037 MMboe (P10). Mitra acquired 533 km² of full-fold 3D seismic data in May-June 2015 over key prospects recognised on earlier 2D seismic data, with the goal of identifying potential drilling locations. The survey fulfils the 500 km² Exploration Phase One extension 3D seismic acquisition commitment under the PSC.
Operators:
Jadestone Energy (formerly Mitra Energy): Operator with 100% interest