U Minh is a conventional gas development located in shallow water in Vietnam and is operated by Jadestone Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, U Minh was discovered in 1997, lies in block Block 51, with water depth of around 164 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2023. The U Minh conventional gas development will involve the drilling of approximately two wells and includes FPSO and wellhead platforms.
Field participation details
The field is owned by Jadestone Energy.
Production from U Minh
Production from the U Minh conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 910 bpd of crude oil and condensate and 65 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2032.
Remaining recoverable reserves
The field is expected to recover 13.79 Mmboe, comprised of 1.07 Mmbbl of crude oil & condensate and 76.30 bcf of natural gas reserves.
Contractors involved in the U Minh conventional gas field
The key contractors involved in the U Minh project as follows.
Other Contractors: Korea Drilling
About Jadestone Energy
Jadestone Energy Inc (Jadestone Energy), formerly Mitra Energy Inc is an upstream oil and gas company. The company evaluates, acquires, explores, and develops oil and gas properties. It focuses on building its asset portfolio through acquisition of producing assets through capital investment, maximizing reserves recovery, and improving operating performance with significant opportunities for operating efficiencies, costs reduction and increased production through further investment. The Company is also carries out business in identifying non-producing assets with resources that can be developed and produced. It has gas development blocks, assets across Australia, Asia Pacific, and Europe. Jadestone Energy is headquartered in Singapore.
For more details on the U Minh Conventional Gas 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.
