15th Feb 2007 10:38
Soco International PLC15 February 2007 SOCO International plc ("SOCO" or "the Company") Exploration Well on Block 9-2 in Vietnam The Company's majority owned subsidiary, SOCO Vietnam Ltd., announces thepreparation for the commencement of drilling of the first Clastics targeted wellon Block 9-2 with the imminent spudding of the Ca Ong Doi 2X ("COD-2X") well.The drilling rig is on site after an extended weather delay whilst it wasawaiting to be towed from the Te Giac Trang 5X well on Block 16-1, which testedat a total combined maximum flow rate of approximately 16,430 barrels of oilequivalent per day. The COD-2X well is designed to evaluate the Clastics reservoirs that have beensuccessfully tested on Block 16-1. It is anticipated that this well will takeapproximately 40 days to drill. Testing, if required, would add several weeks.The spudding of this well will mark the beginning of the most active annualdrilling programme in the Company's history. 15 February 2007 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive Tel: 020 7747 2000 and Chief Financial Officer Pelham Public RelationsJames Henderson Tel: 020 7743 6673Alisdair Haythornthwaite Tel: 020 7743 6676 Notes to Editors SOCO is an international oil and gas exploration and production company,headquartered in London, traded on the London Stock Exchange and a constituentof the FTSE 250 Index. The Company has interests in Vietnam, Yemen, Thailand,the Republic of Congo (Brazzaville) and the Democratic Republic of Congo(Kinshasa) with production operations in Yemen. SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, throughits 80% owned subsidiary SOCO Vietnam Ltd ("SOCO Vietnam") and through its 100%ownership of OPECO, Inc. SOCO Vietnam holds a 25% working interest in Block 9-2,which is operated by the Hoan Vu Joint Operating Company and holds a 28.5%working interest in Block 16-1, which is operated by the Hoang Long JointOperating Company. OPECO, Inc. holds a 2% interest in Block 16-1. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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