New commercial discovery is made on the Vietnam’s continental shelf

This well enabled a discovery of a new deposit of hydrocarbons in the Block 09-1 and was the result of the centralized program for prospecting the deposits and non-structural unconventional oil traps at the old fields.

The fact that another commercial discovery was made shows the perspective of that area and the possibility of successful exploration work aimed at the reserves growth even at old, drilled out license blocks.

Since 2014, the Company has been implementing a centralized program for new deposits exploration in unconventional oil traps at the old fields.
The BT-47 well has become the second discovery of non-structural, lithological oil deposits in 2016; the commercial discovery of the Ca Tam (Sturgeon) oilfield had been made earlier this year (more than 30 million tons of geological reserves, oil free flow of up to 2000 tons per day.)