New oil reserve found in Bach Ho well

14:55 | 08/12/2016 Petroleum

A new oil reserve was found in Bach Ho-47 (BH-47) well, announced the Vietnam Oil and Gas Group on December 1.

new oil reserve found in bach ho well
llustrative photo (Photo: nangluongvietnam.vn)

The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro discovered the oil reserve while exploiting BH-47 on November 30. It is expected to generate output of more than 610 cubic metres of oil and 110,000 cubic metres of gas a day, according to Quan Doi Nhan Dan (People’s Army) newspaper.

Upon completing trial drilling, oil well BH-47 will be reserved for future use.

The discovery of a new oil reserve shows the potential for gas and oil exploration in the north eastern area of Bach Ho well of the Cuu Long oil field in Vietnam’s continental shelf.

Theo VNA