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April 28, 2022

Bao Vang Conventional Gas Field, Vietnam

By Carmen

Bao Vang is a conventional gas development located in shallow water in Vietnam and is operated by Vietgazprom. Discovered in 2007, Bao Vang lies in block Block 112 and Block 113, with water depth of around 322 feet.

The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $1,320 m.

Field participation details

The field is owned by Gazprom and Vietnam National Oil and Gas Group.


Production from Bao Vang

Production from the Bao Vang conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 562 bpd of crude oil and condensate and 45 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.


Remaining recoverable reserves

The field is expected to recover 52.74 Mmboe, comprised of 3.88 Mmbbl of crude oil & condensate and 293.15 bcf of natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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