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PetroVietnam pumps first condensate, gas from Su Tu Trang field
6/28/2021 12:00:00 AM
PetroVietnam and its foreign upstream partners have produced first condensate and gas from phase 2A project in Vietnam's offshore Su Tu Trang field, the state-run oil and gas company told S&P Global Platts June 28 without providing estimated output volume.
A virtual ceremony held last week to mark the production was participated by representatives from PetroVietnam, its upstream arm PetroVietnam Exploration Production Corp., Perenco, Geopetrol and South Korea's SK Innovation and Korea National Oil Corp., or KNOC.
The development plan for the phase 2A was approved by Vietnamese government in December 2019. With estimated CAPEX of around $140 million, the investors expect to produce 193 billion cubic feet of natural gas and 63 million barrels of condensate, or ultra-light crude oil, between June 2021 and September 2025.
Su Tu Trang is located in Block 15-1 in Cuu Long basin, about 62 km from Vung Tau city. PVEP holds 50% stake in the production sharing contract, which was signed in September 1998. The other stakeholders included Perenco (23.25%), KNOC (14.25%), SK Innovation (9%) and Geopetrol (3.5%).
The other operating fields in Block 15-1 are Su Tu Den, Su Tu Vang and Su Tu Nau. The total production from 68 wells in the four fields in Block 15-1 reached 40,000 b/d of oil and gas equivalent as of March.
Gas from Block 15-1 and other fields in Cuu Long basin are transported through pipelines run by PetroVietnam Gas to mainly serve power, fertilizer, and other industrial customers in southern Vietnam, according to PetroVietnam.
Source: SP Global