Su Tu (Lion) is a producing conventional oil field located in shallow water in Vietnam and is operated by Cuu Long Joint Operating. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 15-1, with water depth of 184 feet. Buy the profile here.
Field participation details
The field is owned by Geopetrol, Korea National Oil, Perenco Holdings, SK Innovation and Vietnam National Oil and Gas Group.
Production from Su Tu (Lion)
The Su Tu (Lion) conventional oil field recovered 66.64% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 94.42 thousand bpd of crude oil and condensate and 4.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 18% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 213.01 Mmboe, comprised of 195.21 Mmbbl of crude oil & condensate and 106.79 bcf of natural gas reserves. Su Tu (Lion) conventional oil field reserves accounts 0.05% of total remaining reserves of producing conventional oil fields globally.
For more details on the Su Tu (Lion) 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.
