Bien Dong 1 Project is a producing conventional gas field located in shallow water in Vietnam and is operated by Vietnam National Oil and Gas Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 05-3 and Block 05-2, with water depth of 440 feet. Buy the profile here.
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Field participation details
The field is owned by Gazprom and Vietnam National Oil and Gas Group.
Production from Bien Dong 1 Project
The Bien Dong 1 Project conventional gas field recovered 39.16% of its total recoverable reserves, with peak production in 2016. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 13% of the country’s daily output.
About Vietnam National Oil and Gas Group
Vietnam National Oil and Gas Group (Petrovietnam), formerly Vietnam Oil and Gas General Department, is an energy company. It carries out exploration and production, refining, storage and transportation of petroleum products. The company also produces petrochemicals and has a presence in power generation. It has upstream oil projects in CIS countries, the Middle East, Latin America, Africa, and Southeast Asia. Petrovietnam processes crude oil, natural gas and associated gas into finished products of gasoline, fuels, chemicals, fertilizer, plastics and textiles. The company also provides a range of services covering petroleum technical, finance, transportation, insurance, operation consultancy, scientific research and training. Petrovietnam is headquartered in Hanoi, Vietnam.
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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.
