Friday, 17 December 2010

PetroVietnam starts gas output from offshore facility

PetroVietnam has begun gas production from its processing plant and pipeline network, based at its offshore Rong-Doi Moi oil fields. The gas compressing rig, in southern Vietnam, processed in the region of 960,000 cubic metres per day, which accounts for 4.3 per cent of the estimated daily output for this year. The field contains around 2.5 billion cubic metres of gas.

The gas unit is connected to the gas pipeline in the Rong-Doi Moi and White Tiger oil field through a RC-3 rig and five underwater pipelines totaling 43 kilometers. PetroVietnam and its subsidiary PVGas are partners in the project together with VietsovPetro, a joint venture of PetroVietnam and Russia state-owned oil and gas company Zarubezhneft.

VietsovPetro said the project will supply gas to power plants material production plats and household customers throughout Vietnam. The annual gas volume is estimated to cost around $56.5 million annually and is expected to cover the investment cost in eight years.

PetroVietnam has said that Rong-Doi Moi is one of several gas projects the company has been working on and that its subsidiary PVGas currently operates five gas pipeline networks, with annual capacity of 14 billion cubic metres. More projects are shedualed for competion by 2014.

Sources: VietNamNet, Platts

For more news and expert analysis about Vietnam, please see Vietnam Focus.

No comments:

Post a Comment