SOCO, an international oil and gas exploration and production company, headquartered in London announces that its TGT Phase II development drilling operations continue offshore Vietnam, with the first of five batched drilled wells from the H4 wellhead platform preparing to drill into the reservoir section by PetroVietnam Drilling’s PVD-1 jack-up rig.
Oil production on the Armada TGT-1 floating production storage and offloading vessel (“FPSO”) is currently at ca. 31,000 barrels of oil per day (“BOPD”). Extensive well testing and final commissioning of the secondary recovery systems continues on the FPSO vessel. The revised reservoir management plan, reviewing amendments to the current 2012 development drilling programme and individual well management plans to achieve 55,000 BOPD, remains on target for presentation in the first quarter of 2012.
[mappress] Offshore Energy Today Staff, December 23, 2011