Premier Oil's appraisal well is a dud

Premier Oil has plugged and abandoned the Chim Sao North West appraisal well in Vietnam after failing to find indications of hydrocarbons.

Premier Oil has plugged and abandoned the Chim Sao North West appraisal well in Vietnam after failing to find indications of hydrocarbons.

The well, which reached a total depth of 4,235 metres, was drilled to determine whether the Chim Sao North West discovery extended into a separate fault segment to the north and while 135 metres of sandstone reservoir were penetrated in the Upper Dua interval, there was no indication of hydrocarbons.

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