MURPHY OIL DISCOVERS OIL OFFSHORE VIETNAM
Murphy Oil subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2 / 17 in the Cuu Long Basin , 40 miles offshore Vietnam . The well was drilled to a total depth of 13,124 feet in 149 feet of water and encountered approximately 370 feet of net oil pay from two reservoirs .
This discovery is one of multiple exploration prospects that Murphy has identified in the basin , and the findings could form the basis for future development of the Hai Su Vang field . “ Additional evaluation is ongoing and future appraisal drilling will be conducted ,” Houston , Texas-based Murphy said .
The discovery well is part of a two-well exploration program launched in the Southeast Asian country in the third quarter of 2024 . Eric M . Hambly , president and chief executive of Murphy , said , “ This discovery adds further upside to our current Vietnam business .”
The offshore discovery was made at a time when oil and gas exploration in Southeast
Asia continues to gain momentum , driven by the region ’ s increasing energy demands and the exploration of untapped reserves . Murphy Oil ’ s breakthrough is seen as a major milestone , as it adds to the company ’ s increasing presence in Vietnam ’ s offshore fields .
Located in the shallow waters of the South China Sea , Block 15-1 has long been a target for exploration . The discovery is expected to bring both economic and strategic benefits , offering new opportunities for development , production , and export .
JANA MARINE EXPANDS ITS FLEET
Jana Marine Services is creating waves in the maritime sector because of its latest accomplishment : expansion in its fleet . For its needs , two new accommodation jack-up rigs were requested at CIMC Raffles , a wellknown shipyards company in China . This order reaffirms Jana Marine ’ s commitment to the MENA region and beyond to cope with the increasing necessity for offshore accommodation and operational support .
This latest addition to the fleet of Jana Marine supplements the already existing accommodation jack-ups that are designed to support offshore oil and gas platforms . The company chose two CIMC Raffles-built BT 3500 rigs to meet the intensifying demand for high-capacity offshore accommodations and services . These rigs will have top-of-theline facilities in large living quarters , safety equipment , and operational capabilities to host several hundreds of workers .
The increased exploration and production activities have propelled the oil and gas industry , which is driving a demand for safe , reliable , and efficient offshore housing solutions . This line of action highly corresponds with the global movement in the industry whereby heavy investments are made in high-specification rigs meant for the support of complex projects offshore . CIMC Raffles is among the significant players in the global offshore market and offshore and marine equipment manufacturers in China . The BT 3500 rigs supplied by Jana Marine have been established to be harsh-weather cargoes taking exceptional public delivery thanks to the BT 3500 design , which ensures dependable
26 | January-February 2025 | www . rigsbargeworld . com