Sao Vang-Dai Nguyet Project is a producing conventional gas field located in shallow water in Vietnam and is operated by Idemitsu Gas Production (Vietnam). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 05-1b and Block 05-1c, with water depth of 394 feet. Buy the profile here.
Field participation details
The field is owned by Idemitsu Kosan, Inpex and Vietnam National Oil and Gas Group.
Production from Sao Vang-Dai Nguyet Project
The Sao Vang-Dai Nguyet Project conventional gas field recovered 15.05% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 4.01 thousand bpd of crude oil and condensate and 112.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 7% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 93.12 Mmboe, comprised of 17.90 Mmbbl of crude oil & condensate and 451.33 bcf of natural gas reserves. Sao Vang-Dai Nguyet Project conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.
For more details on the Sao Vang-Dai Nguyet Project Conventional Gas Field, buy the profile here.