Pan Pacific Petroleum (ASX: PPP) is participating in the drilling of the Ca Voi-1X exploration well offshore Vietnam that will evaluate the hydrocarbon potential of the Whale prospect.

Operator Origin Energy (ASX: ORG) is drilling the well, located in water depths of 270 metres, to a planned total depth of 3,771 metres.

The Whale prospect is an unconformity and tilted fault trap, targeting Oligocene clastic reservoirs.

This will be followed by two wells in the Block 07/03, operated by Premier Oil (LON: PMO).

Pan Pacific has a 15% interest in Block 121, which contains significant follow up potential, while Block 07/03 (Pan Pacific 5%), is adjacent to Block 12W which contains the Chim Sao (50 million barrels of oil equivalent) and Dua Oil Fields as well as the Lan Tay and Lan Do Gas Fields (2 trillion cubic feet) in Block 06-1 to the north.

Block 07/03 also contains the CRD-1X oil and gas discovery well that was drilled in June 2009 and produced 3,265.4 barrels of oil and 8.1 million standard cubic feet of gas per day from two zones in the Miocene sands.

Source: proactiveinvestors