Abstract

Petrovietnam Exploration Production Corporation Ltd. (PVEP) is currently operating exploration blocks 102/10 & 106/10 in Song Hong Basin, offshore Vietnam. The production sharing contracts were signed in 2011.PVEP holds 100% participating interest and the subsidiary PVEP Song Hong is the operator. The blocks cover an area of 10,400 km2 with a water depth of 30–50 m. The blocks are covered by 2D and 3D seismic data. Two significant gas and condensate discoveries have been made in the blocks area, Han Rong Dong and Ham Rong Nam. Upside potential exists in the blocks with HIIP of 684 MMBBL of oil and 2.4 TCF of gas. The structures in the area have direct access to the source kitchen of the Red River Basin.