3:26:42 PM | 7/8/2005
The Nam Con Son gas project offshore southern Ba Ria Vung Tau province has extracted 1.835 billion cubic meters of gas since early of this year, up 70 per cent over the same period last year, said the project’s operator BP Vietnam.
The project had brought ashore five billion cubic meters of gas by late May 2005.
The extracted gas from Lan Tay and Lan Do gas fields in Block 06.1 in
During the country’s recent power-thirsty period, the project had raised its output by 30 per cent to ease power shortages, saving around US$100 million for the State budget instead of importing oil for electricity generation.
BP Vietnam and partners have also successfully raise the output at the Lan Tay gas field and Dinh Co gas terminal to 13.2 million cubic meters per day from 10.078 million cu.m of gas per day.
BP is working to further expand the Dinh Co gas terminal's daily capacity to 15 billion cu.m of gas, which is scheduled for completion in late 2006.
The US$1.3-billion project is the biggest foreign-invested gas project in
This year the project targets to produce 3.2 billion cubic meters of gas, up 30 per cent compared with 2004.
Vietnam & World Economy
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