Lac Da Vang is a conventional oil development located in shallow water in Vietnam and is operated by Murphy Cuu Long Bac Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Lac Da Vang was discovered in 2010, lies in block Block 15-1/05, with water depth of around 157 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025.
Field participation details
The field is owned by Murphy Oil, SK Innovation and Vietnam National Oil and Gas Group.
Production from Lac Da Vang
Production from the Lac Da Vang conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, 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 2052.
Remaining recoverable reserves
The field is expected to recover 27.03 Mmboe, comprised of 27.03 Mmbbl of crude oil & condensate.
For more details on the Lac Da Vang 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.
