Project Profile
Value: US$100 million
Start-up Year: 2014
Location: Block 07/03, between the Nam Con Son basin fields to the north and the East Natuna basin discoveries to the south, Vietnam
Area: 4,915 sq km
The Ca Rong Do prospect (also referred to as Red Emperor) is located at Block 07/03, which covers 4,915 sq km and lies between the Nam Con Son basin fields to the north and the East Natuna basin discoveries to the south. Premier serves as the operator and holds a 30% interest in the prospect; Pitkin holds a 40% interest; Pearl Oil holds a 15% interest; and Pan Pacific Petroleum holds the remaining 15% interest. On May 7, 2009, the Hakuryu V semisub drilled an exploration well, 07-CRD-1X, on the block to evaluate the Ca Rong Do prospect. The well lies between the Nam Con Son Basin hydrocarbon fields to the north and the East Natuna Basin discoveries to the south.
The exploration well (07-CRD-1X) reached a total depth of 12,500 feet (3,810 metres), having intersected the targeted intervals. The well encountered oil and gas while drilling. The operator then drilled CRD-2X, which reached a total depth of 12,418 feet (3,785 metres) below rotary table, and following evaluation of the section by logging, drill stem tests of two reservoir zones in the Oligocene section were conducted.
Operators:
Talisman Energy (unit of Repsol S.A.): Operator with 55% interest
Pearl Oil Energy Ltd: 25% interest
PetroVietnam E&P: 15% interest
Pan Pacific: 5% interest
Contractors:
CGGVeritas: Seismic data acquisition
Wood Group: Front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam. Wood Group Kenny (WGK) will carry out comprehensive flow assurance studies and full FEED engineering of the subsea system and structures, risers, flowlines, and power and control umbilicals. The work on the subsea FEED will be carried out from WGK\'s Kuala Lumpur office and supported by other WGK Asia Pacific offices. This follows the award of the top tensioned riser (TTR) FEED contract for design of the dry tree production/injection and drilling riser systems. The WGK Houston office, a centre of excellence for dry tree riser system engineering, will carry out the engineering for the tension leg wellhead platform (TLWP) supported riser systems.
Keppel FloaTEC (subsidiary of Keppel Offshore & Marine ): Design and management support work on the first three-column tension leg wellhead platform.
Yinson: FPSO contract