Perenco UK (PUK) has successfully made a near-field gas discovery in its 100 percent owned Ravenspurn South asset. The new well, RS C06, located downdip of the existing field, encountered a 295-foot (90-meter) section of fully gas-bearing Lower Leman Sandstone in the Rotliegend Formation. This discovery follows PUK's Southern North Sea (SNS) 2023 drilling campaign, utilizing the Valaris-247 rig.

The Ravenspurn South C06 well, the third in the 2023 campaign, is expected to deliver an initial rate of approximately 12 million standard cubic feet per day (MMscfpd) or 2,000 barrels of oil equivalent per day (boepd) starting January 2024. It is projected to contribute 21 billion standard cubic feet in incremental reserves over 30 years. Upon completion with the Valaris-247 rig, the well will undergo stimulation with support from a Petrodec ERDA jack-up barge, and a well test will facilitate effective monitoring and cleanup. The produced gas will be connected via the Cleeton Hub into Perenco's Dimlington terminal.

Jonathan White, PUK General Manager, expressed excitement about the gas discovery and its implications for further developing the Ravenspurn South field.

Meanwhile, Perenco Vietnam celebrated a production milestone of 400 million barrels of oil from Block 15-1. The block, located southeast of Ho Chi Minh City, has contributed over $13 billion to the Vietnamese state budget. Perenco Vietnam, with a 23.25 percent interest in the block, highlighted its ongoing success in supporting Vietnam's energy security and economy. Alexis Heydenreich, Perenco Vietnam General Manager, emphasized their commitment to safe and effective operations and looked forward to contributing to Vietnam's energy sector.

Perenco, present in the UK Southern North Sea Basin since 2003, processes nearly 15 percent of the UK's national gas production. In Vietnam, Perenco plays a major role in securing the country's natural gas supply, with its significant interest in Block 15-1 and involvement in the Nam Con Son pipeline.