Pan Pacific Petroleum Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract, Premier Oil Vietnam South, that 07/03-CD-1X, the Silver Sillago exploration well being drilled by 'Ocean General' drilling rig has reached a measured depth of 3537m BRT (below rotary table) without encountering oil or gas, and TD (total depth) has been declared at this depth.

The well, which evaluated a tilted fault trap similar to the Cá Rong Do (CRD) structure, encountered sandstones in the main objective sequence as prognosed, but no hydrocarbons were present.

Tags: Pan Pacific Petroleum