Te Giac Trang (White Rhinoceros) is a producing conventional oil field located in shallow water in Vietnam and is operated by Hoang 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 16-1 and Block 15-2/01, with water depth of 154 feet. Buy the profile here.
An expansion project is associated with the Te Giac Trang (White Rhinoceros), namely the Te Giac Trang (TGT) Full Field Development Phase 2. This project is currently in the feasibility stage.
Field participation details
The field is owned by Pharos Energy, PTT Public and Vietnam National Oil and Gas Group.
Production from Te Giac Trang (White Rhinoceros)
The Te Giac Trang (White Rhinoceros) conventional oil field recovered 55.21% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 45.10 thousand bpd of crude oil and condensate and 32.00 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 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 89.49 Mmboe, comprised of 82.35 Mmbbl of crude oil & condensate and 42.81 bcf of natural gas reserves. Te Giac Trang (White Rhinoceros) conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Te Giac Trang (White Rhinoceros) conventional oil field
The key contractors involved in the Te Giac Trang (White Rhinoceros) project as follows.
Other Contractors: Vietnam National Oil and Gas Group
For more details on the Te Giac Trang (White Rhinoceros) 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.
