Kinh Ngu Trang is a conventional oil development located in shallow water in Vietnam and is operated by Vietsovpetro JVC. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Kinh Ngu Trang was discovered in 2013, the field with water depth of around 190 feet. Buy the profile here.
The project is currently in feed 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
Production from the Kinh Ngu Trang 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.
Contractors involved in the Kinh Ngu Trang conventional oil field
The key contractors involved in the Kinh Ngu Trang project as follows.
Design/FEED Engineering: PetroVietnam Engineering Consultancy
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. Vietsovpetro is headquartered in Vung Tau, Lang Son, Vietnam.
For more details on the Kinh Ngu Trang Conventional Oil Field, buy the profile here.
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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.
