Home / New & Media / Industry News / PetroVietnam pumps first gas from Sao Vang-Dai Nguyet offshore field
PetroVietnam pumps first gas from Sao Vang-Dai Nguyet offshore field

PetroVietnam said that first gas from the Sao Vang-Dai Nguyet field was delivered on Monday, 16 November 2020.

According to the company, development of the Sao Vang-Dai Nguyet field in the Nam Con Son basin is a prerequisite for the development of the Nam Con Son 2 project chain, one of the key projects of PetroVietnam.

The Nam Con Son 2 project chain consists of two projects – the adjusted Nam Con Son 2 gas pipeline and the Sao Vang-Dai Nguyet gas pipeline.

Gas output from the field is estimated at 1.5 billion cbm a year and equivalent to 15 per cent of Vietnam’s total gas output in 2019. The field will also deliver 2.8 million barrels of crude oil and condensate annually.

Sao Vang-Dai Nguyet is a deepwater high temperature-high pressure gas field located in the Nam Con Son basin on Vietnam’s continental shelf, some 300 kilometres to the southeast, in water depths ranging from 110 and 130 metres.

Idemitsu holds a 43.08 per cent interest in the field while Teikoku Oil and PetroVietnam hold 36.92 and 20 per cent, respectively. PetroVietnam is the owner of the Nam Con Son 2 pipeline which connects the field with its onshore facilities in the Vung Tau province.

The company also stated that the gas from the field would be sold to industrial customers, including power plants in southern Vietnam.

It is worth reminding that Jadestone Energy earlier this month settled a dispute with Teikoku Oil, a subsidiary of Japan’s Inpex Corporation, regarding a sale and purchase agreement for a 30 per cent working interest in Block 05-1 which holds the Sao Vang-Dai Nguyet field.

The dispute over the agreement worth $14.3 million began back in 2018 and was resolved on 11 November 2020.

Source: Offshore-energy.biz

You may be interested in...

Energy sector development needs $133 bln by 2030

  Vietnam needs $133.3 billion over the next decade for building new...
Learn more

Master plan to help ensure harmonised energy development

HÀ NỘI — Providing a sufficient source of energy to facilitate Việt...
Learn more

Foreign investors looking to develop wind farms in Lang Son

Foreign investors from the US and Singapore are interested in either surveying...
Learn more

PV Power to divest subsidiaries and streamline operations

PetroVietnam Power (PV Power) has confirmed plans to divest from some of...
Learn more


Electric & Power Vietnam
The Global Wind Energy Council (“GWEC”), the trade organisation representing the global wind industry, and Informa Markets, the world’s leading global events and digital business, have announced a strategic long-term partnership that will create a series of world leading wind power and energy transition events from 2021 onwards.
More detail