# Pharos Energy begins six-well drilling programme in Vietnam

- Link: https://www.directorstalkinterviews.com/pharos-energy-begins-six-well-drilling-programme-in-vietnam/4121221933
- Published: 2025-10-21T07:14:13+01:00
- Author: Amilia Stone

**[Pharos Energy plc](https://www.directorstalkinterviews.com/company/pharos-energy-plc/phar.l)**(
LON:PHAR), an independent energy company with assets in Vietnam and Egypt, has provided
an update on its drilling activities in Vietnam.

**Key Highlights:**

·    Vietnam six-well drilling programme, designed to drive material production 
growth from both existing fields from 2026 and de-risk additional development opportunities,
commenced well operations on 18 October with the first infill well on TGT

o   TGT: three infill wells and one appraisal well, targeting the block’s untapped
western area. Appraisal well TGT-18X expected to commence in early December

o   CNV: one infill well and one appraisal well, targeting the northern part of 
the field. Appraisal well CNV-5X expected to commence in mid-February

·    Two rigs to run in parallel, with the first rig now operational and the second
rig expected to commence drilling in mid-November

·    This fully funded drilling programme to be completed by mid-2026

·    All wells can be brought immediately onto production utilising existing facilities

> **Katherine Roe, Chief Executive Officer, commented:**
> _“We are delighted to begin our six-well infill and appraisal drilling programme
> in Vietnam, starting with the first infill well on TGT. This important and material
> campaign is the most significant investment into our Vietnamese assets since the
> initial development and is designed to drive material production growth from both
> fields from 2026 onwards. The total capex for this Vietnam programme is expected
> to be c. $36 million. The Board, having run this investment through its capital
> allocation framework, is satisfied the returns from the investment will be higher
> than other uses of capital. We look forward to delivering a safe and successful
> drilling campaign and to updating the market in due course as the drilling campaign
> progresses.”_

Pharos is pleased to announce that its six-well infill and appraisal drilling programme
in Vietnam has now commenced, starting with the first infill well on the TGT Field
targeting the H1 fault block. Pharos has the balance sheet strength to fully fund
this programme.

The programme, which includes four TGT wells and two CNV wells, will employ two 
drilling rigs, GunnLod and Thor. Drilling operations on TGT will be completed using
the GunnLod Drilling Rig, and CNV using Thor Drilling Rig.

On TGT, it is expected to take 28 days to drill and complete the H1 infill well.
The GunnLod Rig will then move location to drill the H5 infill well. Depending on
the weather window, drilling of the TGT-18X appraisal well, targeting the block’s
untapped western area, is scheduled to commence in early December and will take 
around 40 days to complete before the rig can begin drilling the final TGT infill
well in the sequence, TGT-H4. Drilling operations on the four TGT wells are expected
to finish in 1H 2026.

On CNV, the Thor Drilling Rig is expected to mobilise in early November, and drilling
operations are scheduled to commence in mid-November, starting with the CNV-8P infill
well which is expected to take 90 days. Drilling of the second and final CNV well,
the CNV-5X appraisal well intended to unlock the potential of the northern part 
of the field, is expected to start in mid-February and is estimated to take 108 
days to complete. The CNV drilling programme is also expected to be completed by
mid-2026.

All six wells can be brought immediately onto production as they are drilled from
existing facilities. In a success case, Pharos could see material incremental volumes
from current production levels and a de-risking of additional development opportunities.
Further updates will provided in due course.

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