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PetroVietnam eyes production in three new oil fields
PetroVietnam’s production arm PVEP said it plans to start commercial oil and gas production from three new fields near Su Tu Den, the country’s second largest field, in the next five years.
The three fields, Su Tu Den Dong Bac, Su Tu Trang and Su Tu Nau, are expected to come on-stream between 2010 and 2013, PVEP said in a report seen Tuesday.
It did not provide details of potential reserves but said the fields were located in the same oil block – 15.1 – as the existing Su Tu Den (Black Lion), which now churns out about 55,000 barrels per day (bpd).
PVEP also said an adjacent oilfield in the same block, Su Tu Vang, began commercial production last week. Its initial output was recorded at 10,000 bpd, PetroVietnam officials have said.
Block 15.1 is operated by a group led by ConocoPhillips. PetroVietnam holds a 50 percent stake in both Su Tu Vang and Su Tu Den. Conoco holds 23.3 percent. Other stakeholders include Korea National Oil Co. with a 14.2 percent stake, SK Energy with a 9 percent stake and France’s Geopetrol with 3.5 percent.
Thanhnien
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