INVESTMENT OPPORTUNITY IN BLOCK 05.
2/10, NAM CON SON BASIN, VIETNAM
Following a strategic review of its Vietnamese
portfolio, Petrovietnam Exploration Production
Corporation Ltd., (“PVEP”) is considering the
potential divestment of up to 20%, non-operated
interest in the prospective exploration block 05.2/10
PSC ("Block"), offshore Nam Con Son basin.
Location map of the Block 05.2/10 and adjacent oil
& gas/condensate fields
The PSC was signed on January 24, 2011 and
became effective on February 17, 2011. The current
Participating Parties of the PSC are Talisman (40%,
Operator) and PVEP (60%). The Block 05.2/10
covers an area of 2,132 sq.km and lies
approximately 320 km from Vung Tau City and 45
km from Nam Con Son Pipeline. The Block is
located in water depths of c. 200 - 700 m and
contains numerous potential prospects.
The recent mapping confirms the presence of two
(2) prospective play fairways. The primary targets in
the ‘southern terrace’ fairway are the pre-rift Early
Miocene T030 sequence and Late Oligocene T020
(sandstone reservoir), while in the deeper ‘northern
basin’ the primary targets are the Middle Miocene
syn-rift T040-T065 sequences (carbonate and
sandstone reservoirs) with a secondary target in the
Early Miocene T030.
Key opportunity highlights
 The Block is located in an area surrounded by
proven and established hydrocarbon fields and
discoveries (Dai Hung oil field block 05.1a, Lan
Tay Lan Do gas-condensate field block 06.1,
Hai Thach-Moc Tinh gas-condensate field block
05.2 and 05.3 respectively and several gas-
condensate discoveries i.e. Thien Ung block
04.3, Thanh Long block 05.1b, Dai Nguyet
block 05.1c, etc.)
 The Block is located in areas with more
favorable conditions, such as: nearby the Vung
Tau port, Nam Con Son pipeline …
 Significant oil and gas resource with over 1,000
million barrels of oil equivalent in place
 An opportunity to participate in a prospective
exploration / appraisal opportunity in one of the
most attractive basin in Vietnam.
Regional context
Block 05.2/10 is located within the proven
petroleum system and surrounded by significant oil,
gas/condensate fields. A significant amount of oil
and gas was discovered in the Middle to the Late
Miocene carbonate and sandstone reservoirs in Lan
Tay Lan Do field, Hai Thach field, Dai Hung field,
Rong Doi field, Thien Ung field; in the Late
Oligocene to Early Miocene sandstone reservoirs in
Dai Hung field, Hai Thach field, Rong Doi field,
Thanh Long discovery, etc.
Exploration history
In 1993-1994, first two (2) exploration wells NT-
1X/1RX (1993) and Bac-1X (1994) have been
drilled and encountered 25 meters of net gas pay in
the Upper Miocene carbonate (Bac-1X) and 16
meters of net gas pay in the Middle Miocene
sandstone reservoir (NT-1X/1RX).
In 1995-2002, additional five (5) exploration and
appraisal wells i.e. HT-1X, HT-2X, HT-3X, KCT1X
and KCT-1XST1 have successfully tested and
flowed gas-condensate from the Lower Miocene
sandstone, the Middle-Upper Miocene turbidities
sandstone and the Upper Miocene carbonate
reservoirs.
In 2012, two additional (2) exploration wells namely
NT4-1X and TA3-1X have been drilled and resulted
in the presence of working petroleum system in the
Block 05-2/10. The NT4-1X well which drilled on the
southern part of the block has firmed up the Upper
Oligocene mature source rock (HI 350-440, T20 is
just entering the oil window, temperature gradient is
o
4.3 C/100m), high quality Lower Miocene clastic
reservoir and effective top seal and lateral seal.
Meanwhile, the TA3-1X well located in the northern
of the block has encountered two (2) logged
reservoir intervals with total of over 11 meters net
pay in the Middle Miocene section from 2,566-2,655
meters MD. The average reservoir parameters are:
20% effective porosity, 50% water saturation, and
32% VClay. The TA3-1X well has encountered
additional oil and gas shows over a gross interval of
120 meters from a depth of 3,046 meters to 3,725
meters MD.
Seismic base map & well location
Regional Seismic Horizons, Block 05.2/10
Stratigraphy & Hydrocarbon system
Prospects
A full prospect inventory with reserves and risks has
been compiled with a total of 25 prospects
recognized, of which 16 are located on the
‘southern flay fairway’ T030/T020 play and other 9
in the ‘northern flay fairway’ T040-T065 to T030
play.
The total resources of the block is over 1,000
mmboe.
Prospect Location Map, Block 05.2/10
Process:
Following the execution of a confidentiality
agreement and necessary arrangement, interested
parties will be provided with access to physical data
room in PVEP’s Office in Hanoi to review data and
other documentation. PVEP personnel will provide
an overview presentation and will be available for
technical and commercial discussions.
Contact
All comments or queries regarding the process or
the Opportunity should be addressed to the persons
whose contact details are below. No contact should
be made directly with any other employees of PVEP
or related entities.
Dr. Nguyen Tien Long – Vice President
Tel: + 84 (4) 3772 6001 (Ext 7802)
Fax: + 84 (4) 3772 6027
Email: longnt@pvep.com.vn
IMPORTANT NOTICE & DISCLAIMER

This information is provided only to assist parties to determine if

they wish to continue to evaluate the asset. PVEP and their
respective affiliates, officers, directors, employees, and
representatives make no representations or warranties, express
or implied, concerning the fairness, quality, accuracy or
completeness of any such information or opinions contained in
this Document.

The information set out above is preliminary and should not be

relied upon for any purpose. Interested parties should (and will
be deemed to have made) conduct their own investigation and
analysis of the opportunity, PVEP and its subsidiaries, their
business, prospects, results of operations.

All of the documents contained herein are confidential in nature

and should not be excerpted from, copied, distributed,
reproduced or used in any manner without the express written
consent of PVEP.

This document does not constitute an offer or invitation for the

sale or purchase of any type of securities, interests or rights or
any assets, business or undertaking described herein and shall
not form the basis of any contract.