VIETNAM OIL AND GAS GROUP

BIENDONG PETROLEUM OPERATING COMPANY

3th Floor, PetroVietnamTower Tel: (84-28) 3824 5566
01-05 Le Duan St, Ben Nghe Ward Fax: (84-28) 3520 2999
District 1, HCMC, Vietnam Email: info@biendongpoc.vn

VIETNAM MONTHLY SCOUT MEETING

______________________
Date: 11th Jan 2019

I. GENERAL INFORMATION
Blocks : 05-2 & 05-3
Basin : Nam Con Son

II. ACTIVITIES SUMMARY

G&G:
- Special seismic interpretation for HT-MT reservoirs.
- Condensate banking mitigation study.
- Infill drilling study.
Drilling and Completion:
- Well intervention works: PLT Logging on HT-1P ongoing
- Preparing add-on perforations for HT-6P
- Continue Maintenance Program for Ex-stock D&C Equipment in Vung Tau
Supply Base.
- Working on 05-2-KCB-1X Exploration Well Basis of Design / Engineering
Production:
• Average gas production: 5.973 MMscm/d
• Average condensate production: 7772 stb/d

Personnel & Others

- NTR
 WTC - Tower B
Strawinskylaan 1725
1077 XX Amsterdam
The Netherlands
Tel: +31 20 719 6000
Fax: +31 20 570 7170

MONTHLY OPERATOR’S SCOUT MEETING- 11th January 2019

Block 114
• General
o Eni 50% (operator), Essar 50%.
• G&G
o G & G studies ongoing.
o Prospect evaluation ongoing.
• Seismic activities
o 3D PSDM finished.
• Drilling activities
o Preparation for drilling ongoing.

Block 116
• General
o Eni 100% (operator).
• G&G
o G & G studies ongoing.
• Seismic activities
o Interpretation of new 3D seismic in progress.
• Drilling activities
o NTR.

Block 120
• General
o Eni 66.67 % (operator), Kris Energy 33.33 %.

Block 122
• General
o Eni 100% (operator).
• G&G
o Prospect evaluation in progress.
• Seismic activities
o Final 3D PSTM interpretation ongoing.
• Drilling activities
o NTR.

Block 124
• General
o Eni 60% (operator), Santos 40%.
• Seismic activities
o Final 3D PSTM interpretation ongoing.
• Drilling activities
o NTR

eni vietnam bv Vietnam office

Commercial Register 19th Floor, MPlaza
Amsterdam n. 54.716.853 39 Le Duan street, District 1
V.A.T. n. 8514.14.291.B.01 Ho Chi Minh city, Vietnam
Tel: +84 28 6287 9901
 Suite 2006, 20F Me Linh Point Tower, 2 Ngo Duc Ke St., Dist. 1, Ho Chi Minh City – Vietnam
Tel: (848) 3823 9525 - Fax: (848) 3823 9526

VIETNAM MONTHLY SCOUT MEETING

10th January 2019
Block 16-1 Hoang Long JOC
December 2018 up to date Activity Report
Participation: PVEP 41%
SOCO 28.5%
PTTEP 28.5%
OPECO 2%
General:
 NTR

Subsurface:

 Updating TGT Full Field Models with newly drilled wells.

 Monitoring and supporting TGT well intervention:

o Completed perforating TGT-14XST3 (Phase 1, Oligocene C)

o Completed cased hole saturation logging and interpretation on TGT-H4-

14P & TGT-H4-26P.

 Finalizing TGT ULBH & 5.1 reservoir geological model.

 Preparing data and calculation for TGT RAR update (ULBH & 5.1 reservoirs and
TGT-H4 fault block).

 Water shut-off and additional perforation proposals sent out 8th January.

Development/ Production/ Drilling Operations:

 Monitoring TGT-H5-31P drilling operations

 Continue production from TGT Field at approx. 14.5k bopd and 13 MMscf/d from 30
producers.

HSE: No incident and accident.

Personnel:

 NTR.

Suite 2001  Me Linh Point Tower  2 Ngo Duc Ke  District 1  Ho Chi Minh City  Vietnam Page 1
Telephone (84-8) 3829-9359  Facsimile (84-8) 3822 6106
 Suite 2006, 20F Me Linh Point Tower, 2 Ngo Duc Ke St., Dist. 1, Ho Chi Minh City – Vietnam
Tel: (848) 3823 9525 - Fax: (848) 3823 9526

VIETNAM MONTHLY SCOUT MEETING

10th January 2018
Block 9-2 Hoan Vu JOC
December 2018 up to date Activity Report

Participation: PVEP: 50%

PTTEP: 25%
SOCO : 25%

General:
 NTR

Subsurface:

 Monitoring and supporting CNV-5P-ST2 well clean-up using gas lift. Tentatively producing
4K blpd with 65-70% WCT.

Production/ Drilling Operations:

 Continue production from CNV field at approx. 4.2K bopd and 15 MMscf/d of associated
gas from 5 producers.
 CNV-2P stopped flowing on 6th December due to low reservoir pressure and increased
back pressure on CNV-WHP flowline.

HSE:

 No incident and accident.

Personnel:

 NTR.

Suite 2001  Me Linh Point Tower  2 Ngo Duc Ke  District 1  Ho Chi Minh City  Vietnam Page 1
Telephone (84-8) 3829-9359  Facsimile (84-8) 3822 6106
PETRONAS CARIGALI OVERSEAS SDN. BHD.
(A wholly-owned subsidiary of PETRONAS Carigali Sdn. Bhd.)
ROYAL CENTRE, TOWER B, 235 NGUYEN VAN CU STREET, DISTRICT 1,
HO CHI MINH CITY, VIETNAM
Tel: 84-8-38333575 – Fax: 84-8-38309955

VIETNAM SCOUT REPORT

January 2019

PRODUCTION
BLOCKS 102&106
Thai Binh Project:
Participating interest:
• Average production of Thai Binh in December 2019 was 14.29
- PCOSB: 57.14%
MMscf/d.
- PVEP: 20%
- SPC: 22.86%
SUBSURFACE STUDY
• NTR

DEVELOPMENT
Ham Rong project
• To be updated upon divestment completion.
HSE & • NTR
Personnel • NTR

Open
 PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LTD
PETROVIETNAM DOMESTIC EXPLORATION PRODUCTION
OPERATING COMPANY LIMITED
15th Floor, Phu My Hung Petroleum Finance Trade Center Tel: (84-28) 5416 5050 / 5051
12 Tan Trao, Tan Phu Ward, District 7, HCMC Fax: (84-28) 5416 0616 / 0626
S. R Vietnam Email:pvep.poc@pvep.com.vn

VIETNAM OPERATOR SCOUT MEETING

11th January 2019
PVEP POC’s Activities in December 2018
PVEP POC is an Authorized Operator’s Attorney of 04 Blocks: Block 05-1(a), Block
46/13 (Song Doc), Block 42 and Block 16-2 PSCs.
Block 05.1 a (Nam Con Son Basin)
1. GGRE:
- Remaining potential fault blocks evaluation and ranking.
- Planning for Dai Hung infill wells & PnA wells.
- Well monitoring for production.
2. Drilling: NTR.
3. P&A (08 wells): Tendering is ongoing.
4. Production: Oil ~ 7067 bopd; Gas ~ 9.9 mmscf/d; Water ~ 4,000 bwpd.
Block 46/13 (Malai-Tho Chu Basin)
1. GGRE: Well monitoring from Song Doc field.
2. Production: Oil ~ 1402 bopd; Gas ~ 4.37 mmscf/d; Water ~ 13,390 bwpd.
Block 42 (Phu Quoc Basin) PVEP 51%, VSP 49%
1. GGRE: 2D/3D Seismic interpretation for all Block: ongoing.
2. Drilling: Drilling 26” hole is in progress.
Block 16-2 (Cuu Long Basin)
- 3D seismic interpretation update is ongoing.
- G&G studies following MCM’s approval are ongoing.

PVEP POC – Scout Meeting 11 January 2019

 Rosneft Vietnam Activities
December 2018
HSE:
- Good HSE performance, no accidents, no spill.
Block 06.1 (Rosneft Vietnam - 35%, ONGC - 45%, PVN - 20%)

- Stable gas production from Lan Tay, Lan Do and Phong Lan Dai gas
fields.
- Completed gas compressor engine change out as plan – both gas
compressors is running.
- Preparation for PLDCC-1X well is on-going. Planned spud in Q2 2019.
- Daily Production Rate:
 Lan Tay:
+ Gas production: ~ 0.96 mmscmd
+ Condensate production: ~ 351.00 bcpd
 Lan Do:
+ Gas production: ~ 5.39 mmscmd
+ Condensate production: ~ 210.00 bcpd
 PLD:
+ Gas production: ~ 2.66 mmscmd
+ Condensate production: ~ 137.00 bcpd

Block 05-3/11 (Rosneft Vietnam - 100%)

- Ongoing for Block Evaluation and Phase II Extension.
Personnel
- Mr. Richard Beaton, Drilling Superintendent has left RN since 12th Dec
2018.
- Mr. Pavel Shnyrov joined RN as Operations Geologist commencing on
25th December, 2018.
- Mr. Do Thanh Tuan joined RN as Business Advisor commencing on 7th
Jan 2019.

Akhnaf Sayfullin
Chief Geologist
Suite 1304, Me Linh Point Tower, 2 Ngo Duc Ke Street, Ho Chi Minh City, Vietnam. Tel: +84-28-3824-6123 Fax: +84-28-3824-6122

VIETNAM MONTHLY SCOUT MEETING

11th January 2019

Blocks 125 & 126
December 2018 to date of report

General Information

PSC: signed on 27th October 2017

Location: Blocks 125 & 126, Phu Khanh Basin
Participation: SOCO (Operator) - 70%
SOVICO Holdings - 30%

HSE

NTR

Exploration

Complete gathering of 2D seismic legacy data (3,300 kms).

Loading satellite seepage & gravity/magnetic data.
Ongoing interpretation of gathered data.
Ongoing “Hydrocarbon Prospectivity Study, Blocks 125 & 126” by VPI & SEVL.
Preparing for 2D Seismic Acquisition Campaign in Q2, 2019.
Preparing for Field Excursion and Technical Workshop in Q1, 2019.

Personnel

NTR

Page 1 of 1
Registered Office: Britannia Corporate Management Limited, 196 Raleigh Quay, Governor Harbour, Grand Cayman, Cayman Islands, KY1 1104
 VRJ Petroleum Company
3 Le Quy Don St., Ward 1, Vung Tau City
Telephone 0254-3510834, Facsimile 0254-3510835

VIETNAM MONTHLY SCOUT MEETING

11th January 2019
1. General Information
Contract area: Block 09-3 (Cuu Long basin)
Contract award: February 8, 2002
Participation Interests: Zarubezhneft (100%)

Joint development of Nam Rong (Block 09-1) – Doi Moi (Block 09-3) United Area (NR-DM)
Participation: JV Vietsovpetro (operator) - 50%, VRJ - 50%

2. General
 FDP update in progress.

3. Production
 VRJ’s average oil production rate 1,740 BOPD (50% of NR-DM production), water cut
55% vol.
 17 production wells are in operation with artificial gaslift.
 Water injection to the NR-DM Basement 2,500 BWPD.

4. Administration
 NTR

5. HSE
 No accident or incident.

Kirill Skvortsov
General Director
 Address: 105 Le Loi, Vung Tau
Tel: (84) (64) 3839-871
Fax: (84) (64) 3839-857
Monthly Scout Meeting Report
Joint Venture VIETSOVPETRO’s Activities in Dec., 2018
4th Jan. 2019

1. Blocks and Participating Interests:

- Block 09-1: Vietsovpetro – Operator (Partners: Petrovietnam - 51% and Zarubezhneft -
49%).
- Block 09-3/12: Vietsovpetro 55% - Operator, PVEP 30% and Bitexco 15%
- Block 04-3: Vietsovpetro – Operator (Partners: Petrovietnam - 51%, Zarubezhneft- 49 %).
- Block 16-1/15: Vietsovpetro 51% - Operator, PVEP 29%, Sovico 10% and Bitexco 10%
- Block 12/11: Vietsovpetro – Operator (Zarubezhneft – 100%)
- Block 42: PVEP 51% - Operator, Vietsovpetro 49%.

2. G&G activities:
Block 09-3/12:
- Carrying on Tieback CA TAM wells, EPCI for Ca Tam #1 WHP and pipelines
ongoing
- Carrying on interpretation 796 km2 3D Seismic on block 09-3/12
- Continue Prospects inventory and drilling Exploration Well CT-6X

Block 16-1/15:
- The CV-1X (The Golden Tiger) exploration well drilling was completed with good
result in Lower Miocene
- Work Program and Budget 2019 was completed
- Ongoing for Prospects evaluation

Block 12/11:
- Updating and Interpretation PSDM seismic TN-HA-E cluster
- Carrying on block evaluation phase 01 and Quyt A, F, C and E-F
- Continue Prospects inventory and well proposal TN-4X
- Work Program and Budget 2019 was completed

Block 04-3:
- Number of production wells: 03
- Production: gas - 390,000 SCMPD, condensate - 180 SCMPD

Block 42:
- Operator (PVEP) to report.
 Block 09-1:
• Bach Ho field:
- Workover: 4 wells (701, 709, 2001B)
- Production daily average: 7731 tons/d;
- Water injection daily average: 12,223 m3/d.

• Rong field:
- Finish drilling 01 exploration well R 55.
- Production daily average: 1810 tons/d
- Water injection daily average: 3800 m3/d.

• Gau Trang field:

- Active producers: 11
- Production daily average: 273 tons/d.
- Water injection daily average: 305 m3/d.

• Tho Trang field:

- Active producers: 22
- Production daily average: 371 tons/d.
- Water injection daily average: 2306 m3/d.

• Meo Trang field:

- For the eastern part: Satellite Platform (BK 20) is under construction.
- For the western part: drilling one sidetrack of well MTT 1X

• Nam Rong-Doi Moi field:

- Production daily average (VSP portion): 242 ton/d.
- Water injection daily average: 200 m3/d.
• Gas delivery to shore: 3.14 MMcmd.

3. Personnel & HSE:

- HSE: no incident and no accident.
- Personnel: NTR.

Pre: Vo Tuyet Hai and Tran Vu Hai