KrisEnergy Expands Vietnam Portfolio

KrisEnergy has been awarded 100% working interest and operatorship of the production sharing contract for Block 115/09 offshore Vietnam.

Block 115/09 covers an area of 7,382 sq km in the southern Song Hong Basin where water depths range mainly between 60 metres and 200 metres.

The PSC has an initial four-year term, with an associated work commitment of reprocessing 3,000 km of existing 2D seismic data, the acquisition and processing of 850 sq km of 3D seismic data and a single exploration well.

The seismic reprocessing will commence in 2014 and will aid in the identification of the block’s prospective areas over which 3D seismic acquisition will be undertaken.

KrisEnergy also holds a 25% non-operated working interest in Block 105-110/04 offshore northern Vietnam and a 25% non-operated working interest in Block 120 offshore central Vietnam.

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