PetroVietnam Affiliate Starts Vietnam Biggest Oilrig Project
Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam), has started building jackets and topsides for Vietnam’s biggest-ever oilrig at Moc Tinh gas field.
The oilrig will be 134 meters high and weigh 13,000 tons.
The oilrig is expected to provide two billion cubic meters of gas a year and between 15,000 barrels and 20,000 barrels of condensate a day once fully operational next August.
Moc Tinh gas field, located at block 5.3 in the Nam Con Son basin, offshore southern Vietnam, has estimated reserves of 0.5 tcf of gas and 9.59 million barrels of condensate.
PetroVietnam expects to produce 23.58 million tons of oil equivalent from 15 million tons of crude oil and 8.58 billion cubic meters of natural gas this year. (Youth)
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