Financial Ports

Vietnam revives decade-old oil field with 134-day offshore drilling blitz

CLAVE 1 / 4PV Drilling secures a 134-day jackup contract from PetroVietnam Exploration Production’s Ho Chi Minh City branch.

CLAVE 2 / 4The campaign targets three wells in Blocks 01/97 and 02/97, where drilling last occurred around a decade ago.

CLAVE 3 / 4Current production at the site stands at 3,000 barrels per day, with the new programme designed to extend field life.

CLAVE 4 / 4Borr Drilling’s Idun jackup will lead the campaign, following a 60-day stint for an undisclosed Vietnamese operator.

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