This news is about Ca Ngu Vang oilfield, oilfield offshore Ba Ria – Vung Tau

Ca Ngu Vang (Gold Tuna) oilfield offshore Ba Ria – Vung Tau began its production at an initial rate of 20,000 b/d of oil and 50 MMcf/d of wet gas.

Ca Ngu Vang is operated by Hoan Vu Joint Operating Co., a joint venture in which PetroVietnam Exploration Production Co. holds 50 percent interest. UK-based SOCO and Thailand's PTTEP hold 25% each in the joint venture.

The oilfield, which is located in the Cuu Long Basin on the continental shelf off Ba Ria-Vung Tau, was discovered in 2002.

Ca Ngu Vang, with four drilling wells, is scheduled to exploit during 20 years. After being tapped in Ca Ngu Vang, oil and gas will be delivered via two 26-kilometer (16-mile) undersea pipelines to a satellite platform in the nearby Bach Ho field.

Crude oil will be stored in floating storages and gas will be delivered via undersea pipelines to processing plants in Long Hai, Logn Dien District, Ba Ria – Vung Tau Province.

Via (CPV)

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