abce certificate
Friday, 09 January, 2009, 01:50 GMT | more >>

Philippines rig for Yantai Raffles



By Russell Searancke 

China's Yantai Raffles Shipyard is building the semi-submersible drilling and production unit for the Philippines' Calauit oilfield that will be delivered in late 2007.

Project partner Vital Resources said the multi-purpose semisub will be capable of drilling in 1000 metres of water to a depth of 5000 metres.

The rig has a delivery time of 15 October 2007, and will have on board production capacity of 15,000 barrels of fluid per day initially, increasing up to 45,000 bpd to accommodate production from up to three wells on the Calauit field.

Partners in block SC 50 are Australian operator Otto Energy (65%) and Vital (35%).

Otto said in a recent report that detailed well planning and design for the re-entry/horizontal drilling and extended well test of the Calauit-1B oil well has resumed. An independent expert had determined that the Calauit-1B oilfield contains 39.5 million barrels of oil in place of which 6.44 million barrels are recoverable.


Wednesday, 08 November, 2006, 19:25 GMT  | last updated: Thursday, 09 November, 2006, 02:28 GMT

Vital source: the Calauit oilfield lies off the Phillipines
 

e-mail this article to a colleague


to email:  from:
comments: