Kinh Ngu Trang Nam is a conventional oil development located in shallow water in Vietnam and is operated by Vietsovpetro JVC. Discovered in 2013, Kinh Ngu Trang Nam lies in block Block 09-2/09, with water depth of around 190 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2024.
Field participation details
The field is owned by Vietnam National Oil and Gas Group and Zarubezhneft.
Production from Kinh Ngu Trang Nam
Production from the Kinh Ngu Trang Nam conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 11,693 bpd of crude oil and condensate and 8 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2041.
Remaining recoverable reserves
The field is expected to recover 55.96 Mmboe, comprised of 50.28 Mmbbl of crude oil & condensate and 34.07 bcf of natural gas reserves.
About Vietsovpetro JVC
Vietsovpetro JVC (Vietsovpetro) is an oil and gas company that provides exploration and production of petroleum and natural gas. The company offers services such as logging and testing, oil and gas production; operation, maintenance and repair of offshore facilities; engineering, procurement, commissioning and installation of offshore platform; and drilling and well survey services. It also provides gas facility and management; marine transportation and diving services; operation and maintenance of compressor platform; oil spill prevention services; and port and logistics services, among others. Vietsovpetro is headquartered in Vung Tau, Lang Son, Vietnam.
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.