Rig Secured for Appraisal Dri

RNS Number : 2986M

Soco International PLC

21 May 2010

 



SOCO International plc

('SOCO' or the 'Company')

Rig Secured for Appraisal Drilling on Te Giac Den Discovery

The Company has been informed by the Hoang Long Joint Operating Company, Operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, that the jack up rig Maersk Convincer, owned by A.P. Moller - Maersk A/S (trading in the name of Maersk Drilling), jointly operated and contracted through PV Drilling, has been secured to drill the Te Giac Den 2X appraisal well. The well is scheduled to spud in early June 2010.

21 May 2010

ENQUIRIES:

SOCO International plc

Roger Cagle, Deputy Chief Executive and Chief Financial Officer

Tel: [phone]

Pelham Bell Pottinger

James Henderson Tel: [phone]

Evgeniy Chuikov Tel:   [phone]

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 constituent of the FTSE 250 Index. The Company has interests in Vietnam, Thailand, the Republic of Congo (Brazzaville), the Democratic Republic of Congo (Kinshasa) and Angola, with production operations in Vietnam and Thailand.

SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, through its 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 Joint Operating Company. OPECO Inc. holds a 2% interest in Block 16-1.

 

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