Bao Vang is a conventional gas development located in shallow water in Vietnam and is operated by Vietgazprom. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bao Vang was discovered in 2007, the field with water depth of around 322 feet. Buy the profile here.
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.
For more details on the Bao Vang Conventional Gas Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
