23 July 2013
Block 121-CV-1X exploration well reaches Total Depth
Origin Energy, on behalf of the Block 121 Joint Venture, advises that the 121-CV-1X well, which spudded at 0730 hours local (Vietnam) time on 15 June 2013, has reached planned total depth of 3,750m MDRT (Measured Depth Below Rotary Table).
The well was drilled using the semi-submersible drilling rig Ocean General.
Final logging has been completed and the well has been plugged and abandoned in accordance with the original program.
The well encountered shows of wet gas only in a secondary objective.
The 121-CV-1X well is situated in the Phu Khanh Basin off the coast of central Vietnam.
Block 121 Participating Interests:
|Origin Energy (Song Hong) Pte. Ltd*||45%|
|Premier Oil Vietnam 121 Ltd||40%|
|Pan Pacific Petroleum Vietnam (121) Pty Ltd||15%|
* a wholly owned subsidiary of Origin Energy Limited
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.