Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/neon-energy-spuds-ca-ngu-1-exploration-well-in-vie.shtmlNeon Energy spuds Ca Ngu-1 exploration well in Vietnam
Neon Energy Limited announce that the Ca Ngu-1 exploration well, located in Block 120 offshore Vietnam, was spudded on 21 October 2013. The well is designed to test the
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Neon Energy Limited announce that the Ca Ngu-1 exploration well, located in Block 120 offshore Vietnam, was spudded on 21 October 2013. The well is designed to test the Ca Ngu oil/gas prospect, which is comprised of Pliocene clastic and Miocene carbonate reservoir targets. Operator Eni is drilling the well with the Songa Mercur semi-submersible drilling rig, in a water depth of 270 metres to a planned Total Depth (TD) of 1,500 metres.
The cost of the well is estimated to be up to US$39 million, however in the event of a dry hole the cost is likely to be substantially reduced due to a simplified casing profile and associated reduction in drilling time.
