Essar Exploration and Production Ltd (EEPL) and ENI on Friday announced that they have found gas and condensates at the Ken Bau prospect in Block 114, Song Hong Basin in offshore Vietnam.

ENI is the operator of the block with 50 per cent participating interest, an EEPL statement said.

“Its exploration well located at Block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect. The well result indicates a significant potential of the hydrocarbon accumulation. E Vietnam is the Operator of Block 114 with a 50 per cent share. EEPL holds the remaining 50 per cent,” the statement said.

The exploration well “Ken Bau 1X” has been drilled at a depth of 95 metres below water level, and reaches a total depth of 3,606 metres, it said.

“Ken Bau 1X results represent a significant breakthrough for evaluating the exploration potential in the Song Hong Basin,” it added.

EEPL is based in Mauritius and has a joint venture with ENI in Vietnam.