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PetroVietnam started gas production from the Sao Vang-Dai Nguyet offshore field

PetroVietnam started gas production from the Sao Vang-Dai Nguyet offshore field

Hanoi, November 18 - Neftegaz.RU. Vietnam’s state-run company PetroVietnam said that 1st gas from the Sao Vang-Dai Nguyet (SVDN) field was delivered on Monday, 16 November 2020.

SVDN is a deepwater high temperature-high pressure gas field located in the Nam Con Son basin on Vietnam’s continental shelf. The development project is located 350 km south-east of the Ho Chi Minh City, in water depths ranging from 110 and 130 metres.

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

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

Japanese Idemitsu holds a 43.08 % interest in the field while Teikoku Oil and PetroVietnam hold 36.9 and 20 %, 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.

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