The company stated that 15-01/05 LDN-1X is the first exploration well drilled and the first discovery made on Block 15-01/05. The location is approximately 110 kilometers to the East of Vung Tau, about 65 kilometers off the coast, and was drilled in a water depth of 45 meters.
Phu Quy Petroleum Operating Exploration and Production Company, a subsidiary of Petrovietnam Exploration and Production Corporation, is the operator of the block with a 40% stake. The other partners are Total E&P Vietnam (35%) and SK Energy (25%).
Apart from its 35% participation in Block 15-1/05, Total has signed a production sharing contract with Petrovietnam for Blocks DBSCL-02 and DBSCL-03. Located in the Mekong delta region, these onshore blocks are held by Total (75%, operator) and Petrovietnam Exploration and Production Corporation (25%).
