Eni informs that the Ken Bau- 2X exploration well, located in Block 114 in the Song Hong basin, offshore Vietnam, has accumulated significant hydrocarbon, increasing its potential. <\/p>\n\n\n\n
Ken Bau 2X was drilled 2km from the discovery well, in 95m of water reaching a depth of 3658m below sea level. The well encountered gas and condensate mineralization over a total thickness of over 110m in various ranges of Miocenic sandstone interspersed with clay. <\/p>\n\n\n\n
The well was the subject of an intensive data acquisition campaign including sampling of fluids in the various levels found to be mineralized. The well will now be abandoned minerally. <\/p>\n\n\n\n
\nPreliminary accumulation estimates after the data acquired on Ken Bau 2X indicate a discovery of about 200 to 250 billion m3 of raw gas in place with 400 to 500 million barrels of associated condensate. <\/p>\n\n\n\n
The results of Ken Bau 2X confirm the importance of the discovery made in 2019 and the commitment of Eni Vietnam and its partner Essar E&P to quickly delineate its potential, despite the fact that the operations were conducted in a particularly challenging period due to the COVID-19 epidemic. <\/p>\n\n\n\n
Eni Vietnam is the operator of Block 114 with 50% participation interest; Essar E&P holds the remaining 50%. On the basis of these results, Eni Vietnam and its partner are planning a further well in Ken Bau and in the same Song Hong Basin, where Eni operates with 100% interest the nearby Block 116, a new prospecting and drilling activity. <\/p>\n\n\n\n
The gas market in Vietnam is growing rapidly, in response to the steady progress of the national GDP and the consequent development of gas-fired power generation plants powered by domestic resources and, in the future, by imported LNG. Ken Bau's discovery represents an opportunity to quickly address this emerging demand. <\/p>\n\n\n\n
Eni has been present in Vietnam since 2013 and operates 4 blocks located in the under-explored reservoirs of Song Hong and Phu Khan, in the offshore part of Central Vietnam. <\/p>\n\n\n\n