Talisman Releases Ocean General After Drilling CD-1X Well off Vietnam

Pan Pacific Petroleum (Vietnam) Pty Ltd, an Australia-based oil and gas exploration and production company, reported Monday that it has been advised by Talisman Vietnam 07/03 B.V., Operator of Block 07/03 Production Sharing Contract in the Nam Con Song Basin off Vietnam, that the plugging and abandonment of the 07/03-CD-1X exploration well drilled using the Ocean General (mid-water semisub) has been completed and the rig has been released.

Partners in the block are:

• Pan Pacific Petroleum (Vietnam) Pty Ltd (a wholly owned subsidiary of Pan Pacific Petroleum NL): 5 percent
• Talisman Vietnam 07/03 B.V. (Operator): 30 percent
• Talisman Vietnam 07/03-CRD Corporation LLC.: 25 percent
• Mubadala Petroleum (through its affiliate PearlOil [Ophiolite] Ltd): 25 percent
• PetroVietnam Exploration and Production Corporation Ltd: 15% percent