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December 2, 2021

Bien Dong 1 Project Conventional Gas Field, Vietnam

By Carmen

Bien Dong 1 Project is a producing conventional gas field located in shallow water in Vietnam and is operated by Bien Dong Petroleum Operating. The field is located in block Block 05-3 and Block 05-2, with water depth of 440 feet.

Field participation details

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


Production from Bien Dong 1 Project

The Bien Dong 1 Project conventional gas field recovered 28.17% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 11.5 thousand bpd of crude oil and condensate and 207 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 11% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 277.96 Mmboe, comprised of 58.71 Mmbbl of crude oil & condensate and 1,315.49 bcf of natural gas reserves. Bien Dong 1 Project conventional gas field reserves accounts 0.09% of total remaining reserves of producing conventional gas fields globally.


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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