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Vietnam taps oil from fractured basement oilfields
A pioneer in exploiting oil in fractured basement, Vietnam is still leading the world in exploring and tapping fractured basement oilfields with around 1.4 billion barrels per year.
Following the first success at Bach Ho oilfield in 1988, a series of fractured basement oilfields have been discovered, including Rang Dong (Dawn), Ruby, Su Tu Den (Black Lion), Su Tu Vang (Yellow Lion), and Su Tu Trang (White Lion), to name just a few.
Up to 90 percent of Vietnam ’s oil output come from such oilfields, earning billions of USD for the national economy each year.
General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Tran Ngoc Canh said the successful exploitation of oil in Bach Ho oilfield’s fractured basement by the Vietnam-Russian oil and gas joint-venture (Vietsovpetro) is also an important contribution to the oil geological science.
The exploration and pumping of oil in fractured basement formations is a difficult job that requires modern technology.
At an international science seminar that is being held in southern coastal Ba Ria-Vung Tau province from Sept. 9-13, Director of VietsovPetro’s Science Research and Design Institute Dr Hoang Van Quy said that VietsovPetro will have an additional 5-6 million tonnes of oil each year if it can raise its oil recovery ratio from fractured basement oilfields by one percent.
VNA
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