Nam Con Son Gas Project Hits 4 Bln Cubic metres of Gas Sales

3:26:33 PM | 7/8/2005

Nam Con Son Gas Project Hits 4 Bln Cubic metres of Gas Sales

 

The Nam Con San Gas Project, sitting off the coast of the southern province of Ba Ria Vung Tau has pumped 4 billion cubic metres of gas since its inception in November 2002, said the project operator, the BP Exploration Operating Company (BPEOC).

 

In the first two months this year, the project has exploited 575 million cubic metres of gas, two times higher than that of the same period last year, said John Minge, BPEOC General Director. It brought ashore 2.5 billion cubic metres of gas last year, and is expected to tap 3.2 billion cubic metres of gas this year.

 

The project is extracting gas from the 58 billion cubic-metre reserves in the Lan Tay and Lan Do gas fields in the Nam Con Son Basin and is supplying the pumped gas to power plants in the Phu My power complex, including Phu My 1, Phu My 2.1, Phu My 3 and Phu My 4.

 

The Nam Con Son gas project also plans to expand the gas compressor platform at the Lan Tay field and the Dinh Co gas terminal. The terminal is a 370km regional pipeline system which is designed to transport up to 7 billion cubic metres of gas per year from the Nam Con Son Basin to the Phu My power complex outside Ho Chi Minh City.

 

The US$1.3 billion Nam Con Son project is Vietnam's largest foreign invested project with investors from the Vietnam Gas and Oil Corporation (PetroVietnam), India's ONGC Videsh, and the US's ConocoPhillips.

  • T.M