Vietsovpetro – a oil and gas joint-venture between Vietnam and Russia announced a new oil discovery in the Bach Ho Dong Bac – 19 exploratory drilling well on July 2.

The initial findings showed that the reserves is 4,606 to 4,654m in depth and the average density of oil is 0.82 g/cm3 (40° API). The new oil reserves is an independent reserves and has no hydraulic link with the currently exploited oil reserves in the basement of Bach Ho field.

According to Tran Hoi, deputy general manager on geology of Vietsovpetro, the oil well is the artesian well of the highest hydraulic pressure among oil discoveries of Vietsovpetro in the past 28 years.

On the drilling process, Vietsovpetro also found out Oligoxen-bearing seams on the sediment. The findings will be studied further once the work on drilling well is completed. (Vietnam Business News)