Search results for: Block 105

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  • 9 March 2015
    Business & Finance

    KrisEnergy is increasing its working interest in Block 105- 110/4, offshore Vietnam, and taking over operatorship of the production sharing contract following the execution of a deed of assignment on March 9, 2015 between Eni Vietnam B.V. and KrisEnergy (Song Hong 105) Ltd. Pursuant to the deed, which is effective December 31, 2014, Eni Vietnam’s […]

  • 12 August 2013

    KrisEnergy Ltd. , an independent upstream oil and gas company, has announced that the Eni-operated Ensco 107 jack-up rig began drilling the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”) in the Gulf of Tonkin, offshore Vietnam. The Cua Lo-1 exploration well is planned to reach approximately -2,800 metres total vertical depth subsea and is intended to test […]

  • 9 January 2014

    KrisEnergy Ltd., an independent upstream oil and gas company, announces the completion of the drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”).   The Cua Lo-1 well was drilled to a measured depth of 2,867 metres, or 2,837 metres total vertical depth subsea. Based on log interpretation, several gas bearing sandstone reservoirs […]

  • 20 January 2012
    Business & Finance

    Neon Energy Limited has, further to the announcement made on January 16, provided some additional information in relation to the agreed farmout of Block 120 and Block 105-110/04 (‘Block 105″), offshore Vietnam. The key commercial terms of the accepted binding offer as they apply to Neon are as follows: ■ Neon to assign a 25% […]

  • 15 April 2014

    Neon Energy has issued a statement in response to Eni Vietnam B.V.’s Notices of Withdrawal issued today to Neon Energy (Song Hong) Pty Ltd (NESH). The Notices require NESH to withdraw from the Block 120 and Block 105-110/04 (Block 105) Joint Ventures, and have been issued further to non-payment by NESH of cash call payments to the Operator […]

  • 12 August 2014

    Italy’s Eni and Singapore’s KrisEnergy have reached an agreement with Neon Energy to resolve a dispute regarding the settlement of the financial liabilities of Neon, subsequent to the Vietnamese drilling program conducted in late 2013 in Block 105-110/04 and Block 120. In consideration for a full release from all liabilities Neon has agreed to pay US$5.75 […]

  • 15 April 2014

    Neon Energy loses interest in Vietnamese blocks after failing to pay.   KrisEnergy Ltd, an independent upstream oil and gas company, announces the following in relation to its Vietnam contract areas, Block 105-110/04 (“Block 105”) and Block 120:  Eni Vietnam B.V. the operator of Block 105 and Block 120, issued default notices on 7 March […]

  • 22 January 2013
    Business & Finance, Operations & Maintenance

    Neon Energy Limited  announces that the Company’s farmout of Vietnamese exploration blocks 120 and 105-110/04 (“105”) to Eni Vietnam B.V. (“Eni”), a wholly owned subsidiary of Eni SpA, has received the full and final approval of Petrovietnam and the Government of Vietnam. As disclosed to the market on 25 June 2012, the key commercial terms […]

  • 5 December 2013

    KrisEnergy Ltd has informed the Cua Lo 1 ST-1 exploration well in Block 105-110/04, offshore Vietnam, has reached a total depth of 2,867 metres measured depth (“MD”), or -2,800 metres total vertical depth subsea.   The operator, Eni Vietnam B.V., is currently  running wireline logs prior to undertaking a drill stem test. The Company intends to make […]

  • 22 January 2013
    Business & Finance

    Neon Energy Limited has announced that the Company’s farmout of  Vietnamese exploration blocks 120 and 105-110/04 (“105”) to Eni Vietnam B.V. (“Eni”), a wholly owned subsidiary of Eni SpA, has received the full and final approval of Petrovietnam and the Government of Vietnam. The key commercial terms of the farmout are as follows: 1. Neon […]

  • 12 November 2013

    Neon Energy Limited has provided following update regarding drilling of the Cua Lo-1 and Ca Ngu-1 exploration wells, located in Block 105-110/04 (“Block 105”) and Block 120, offshore Vietnam. Since the last update regarding Cua Lo-1 on 22 October 2013, drilling has reached the 9 5/8” casing point at a depth of 2,509 metres, having redrilled […]

  • 16 June 2010

    Neon Energy Limited  is pleased to announce the completion of 2D seismic acquisition operations in Block 120 and Block 105-110/04 (“Block 105”) offshore Vietnam. The Aquila Explorer seismic vessel, contracted from Seabird Exploration, ceased operations on Block 105 on 12 June 2010. The 3,827 km seismic campaign was conducted as planned, during an extended period […]

  • 24 September 2013

    Neon Energy Limited has announced that gas has been discovered at its Cua Lo-1 exploration well, located in Block 105-110/04 (“Block 105”) offshore Vietnam. Since the last update on 26 August 2013 the 12 ¼” hole has encountered gas shows within each of the upper three objectives, prior to experiencing a “kick” due to an over-pressured gas bearing […]

  • 12 January 2014

    Camac, Bumi Armada Sign LOI for ‘Armada Perdana’ FPSO CAMAC Energy Inc. has signed a letter of intent for a long-term agreement for the floating, production, storage, and offloading system (“FPSO”) ARMADA PERDANA.   Oil Leaking from Hibernia Platform Offshore Canada Hibernia Management and Development Company Ltd. (HMDC) has reported an ongoing leak of crude oilfrom the hose end valve (HEV) […]

  • 16 January 2012
    Business & Finance

    Neon Energy Limited, an emerging petroleum exploration and production company listed on the Australian Securities Exchange has accepted a binding offer from a third party to farmin to Block 120 and Block 105-110/04, offshore Vietnam. Due to confidentiality obligations Neon said it was not in a position to provide a detailed summary. However under the agreed […]

  • 2 July 2012
    Business & Finance

    Italy’s Eni has signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, located offshore in Vietnam’s Song Hong Basin. The exploration activities in the newly acquired block include the acquisition of a 3D seismic survey and the drilling of two wells. The block, which […]

  • 25 June 2012
    Business & Finance

    Eni has signed an agreement with KrisEnergy and Neon Energy for two exploration blocks located offshore Vietnam, in the Song Hong and Phu Khanh basins in the Gulf of Tonkin. The Song Hong Basin is estimated to contain 10% of Vietnam’s hydrocarbon resources, mainly gas, and significant discoveries have recently been recorded there. The agreement […]

  • 25 June 2012

    Eni of Italy said it has signed an agreement with KrisEnergy and Neon Energy for two exploration blocks located offshore Vietnam, in the Song Hong and Phu Khanh basins in the Gulf of Tonkin. The Song Hong Basin is estimated to contain 10% of Vietnam’s hydrocarbon resources, mainly gas, and significant discoveries have recently been […]

  • 25 June 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Eni has signed an agreement with KrisEnergy and Neon Energy for two exploration blocks located offshore Vietnam, in the Song Hong and Phu Khanh basins in the Gulf of Tonkin. The Song Hong Basin is estimated to contain 10% of Vietnam’s hydrocarbon resources, mainly gas, and significant discoveries have recently been recorded there. The agreement […]

  • 20 March 2014
    Business & Finance

    KrisEnergy Ltd. , an independent upstream oil and gas company, announces that it has been awarded 100% working interest and operatorship of the production sharing contract (“PSC”) for Block 115/09 offshore Vietnam. The block was awarded following negotiations between Vietnam Oil and Gas Group (“Petrovietnam”) and KrisEnergy (Asia) Ltd., a wholly owned subsidiary of the […]

  • 13 May 2016
    Business & Finance

    KrisEnergy, and independent oil and gas firm operating mainly in Asia, saw its revenue triple in the first quarter of 2016. The company said that despite oil falling below $30 a barrel at one point during the quarter, revenue rose to $33 million, as the group saw a full quarter of production from the Wassana […]

  • 6 December 2013

    Neon Energy Limited has informed that the Cua Lo-1 ST1 exploration well, located offshore Vietnam, is confirmed as a potentially significant gas discovery.   Drilling has reached Total Depth (TD) at 2,867 metres (measured depth), and Operator Eni is presently completing wireline logging operations. Based on gas shows and initial evaluation of Logging-While-Drilling (LWD) data, one additional zone of interest has […]