Lac Da Vang is a conventional oil development located in shallow water in Vietnam and is operated by Murphy Cuu Long Bac Oil . Discovered in 2010, Lac Da Vang lies in block Block 15-1/05, with water depth of around 157 feet.

The project is currently in approval stage and is expected to start commercial production in 2023.

Field participation details

The field is owned by Murphy Oil , Vietnam National Oil and Gas Group and SK Innovation.


Production from Lac Da Vang

Production from the Lac Da Vang conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 8,800 bpd of crude oil and condensate. 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 27.03 Mmboe, comprised of 27.03 Mmbbl of crude oil & condensate.


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.