Soco International PLC Resumption of Drilling on Te Giac Trang ("TGT") (2006Z)
March 13 2017 - 3:00AM
UK Regulatory
TIDMSIA
RNS Number : 2006Z
Soco International PLC
13 March 2017
SOCO International plc
("SOCO" or the "Company")
Resumption of Drilling on Te Giac Trang ("TGT")
SOCO, an international oil and gas exploration and production
company, announces that the Hoang Long Joint Operating Company has
resumed the 2017 TGT drilling programme. The jack-up drilling rig,
PetroVietnam Drilling VI ("PVD VI") has now moved on to location at
the H1 Wellhead Platform ("WHP").
Preparations to commence drilling the TGT-H1-30P well into the
crestal part of the H1.1 Fault block were completed and the well
was spudded on 8 March 2017. The well will target the Miocene and
Oligocene reservoir horizons. It is expected to take 30 days to
drill and complete the well. The PVD VI rig will then move to the
H5-WHP to continue the remaining, two well, 2017 TGT
development/appraisal drilling programme.
ENQUIRIES:
SOCO International plc
Antony Maris, Chief Operating Officer
Tel: 020 7747 2000
Bell Pottinger
Nick Lambert
nlambert@bellpottinger.com
Tel: 020 3772 2558
Elizabeth Snow
esnow@bellpottinger.com
Tel: 020 3772 2582
NOTES TO EDITORS
SOCO is an international oil and gas exploration and production
company, headquartered in London and traded on the London Stock
Exchange. The Company has field development and production
interests in Vietnam and exploration and appraisal interests in the
Republic of Congo (Brazzaville) and Angola.
SOCO holds a 30.5% working interest in the Te Giac Trang Field
of Block 16-1, which is operated by the Hoang Long Joint Operating
Company. Block 16-1 is located in the shallow water Cuu Long Basin,
offshore southern Vietnam.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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