PetroVietnam Discovers Gas in Red River Basin

PetroVietnam Discovers Gas in Red River Basin

The PetroVietnam Investment and Development Co. (PIDC), a subsidiary of the National Gas and Oil Corporation (PetroVietnam), announced last weekend that it discovered a gas well in Dong Quan D-1X field in the Red River Basin.

The PIDC began construction of a series of platforms at the PV-DQD-1X on December 22 last year, and completed them on February 22 this year.

One of the four newly drilled seams is 1,650m deep and is estimated to be able to provide between 30,000cu.m and 35,000cu.m of natural gas per day.

The well is located in the Hong River Basin, the largest basin on the continental shelf of Vietnam, covering most the area of the Tonkin Gulf.

During the testing period, the well has already begun supplying gas to Thai Binh Province’s Tien Hai Industrial Park, home of several ceramic and glass factories.

Technical evaluations to assess the potential of the PV-DQD-1X well are in progress and are being conducted by the PIDC, according to PetroVietnam.

The natural gas discovered in the well will contribute to the Thai Binh Province industrial sector’s development, a PetroVietnam official said.

PetroVietnam plans to pump six billion cubic meters of natural gas and produce 350,000 tons of LPG this year.

VNS