KrisEnergy, Eni up stake off Vietnam

Singapore-based KrisEnergy increased its stake in Blocks 105 and 120 offshore Vietnam.

Map of Block 105. From KrisEnergy.
 

KrisEnergy now holds 33.33% in each block after Neon Energy dropped out of the joint operating agreement in April 2014. Eni Vietnam is still the operator and holds 66.67% in each block.

Block 105-110/04 covers an area of 7192sq km and is located in the central Song Hong basin. Water depth ranges from 20-80m.

Block 120 covers an area of 8574sq km offshore central Vietnam, overlying the Quang Ngai Graben in the north and central section of the contact area and passing into the Phu Khanh basin in the southern portion of the block. Water depths range from 50-1100m.

According to Eni Vietnam, exploration activities also involve the acquisition of 3D seismic surveys and the drilling of two exploration wells. 

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