First flow of oil from Nam Rong-Doi Moi tapped

The Vietsovpetro joint venture enterprise and the Vietnam-Russia-Japan company (VRJ) welcomed on March 5 the first flow of oil from the Nam Rong-Doi Moi oilfield.

Vietsovpetro and the VRJ invested more than US$342 million in drilling and installing rigs for 10 wells along with other facilities under a cooperation agreement signed last June.

The first industrial oil flow was pumped from Nam Rong-Doi Moi on Jan. 26 this year. With its four current wells, the oilfield has an output of 700 tonnes per day.

To take associated gas for gas lift, Vietsovpetro started work on construction of the Rong-Doi Moi gas compression rig with a total investment of US$149.6 million. The Vietnam National Oil and Gas Group (PetroVietnam) is the investor.

The project is scheduled to be put into operation late this year.

vov

>   Vietnam Airlines subsidiary to become joint-stock firm (06/03/2010)

>   Chaos looms as small businesses are forced to vacate residential towers (06/03/2010)

>   Complaints encircle petrol price regulation (06/03/2010)

>   Gov’t: Inflation under check (06/03/2010)

>   Ministries pained by capital shortage (06/03/2010)

>   Foxconn to invest billions in central Vietnam  (06/03/2010)

>   Vietnam trade figures to aid currency, Citigroup says  (06/03/2010)

>   Double-digit inflation not likely in 2010: Official  (06/03/2010)

>   Nearly 500MW to be added to national grid (06/03/2010)

>   Vietnam expands its electric investment in Laos (06/03/2010)