UK-headquartered oil and gas player Pharos Energy has confirmed the start of drilling activities in Block 16-1, located in the shallow water Cuu Long Basin, off the coast of Vietnam. A jack-up rig, owned by Borr Drilling, an offshore drilling player, has begun this drilling assignment. This mobile offshore drilling unit (MODU) will work alongside another rig, which will start its job in mid-November 2025.

Borr Drilling Vietnam MODU Gunnlod TGT- CNV- Pharos Energy Cuu Long Basin Katherine Roe Chief Executive Officer West Africa Offshore Energy UK-headquartered Block Afterward