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November 22, 2021

Rang Dong Conventional Oil Field, Vietnam

By Carmen

Rang Dong is a producing conventional oil field located in shallow water in Vietnam and is operated by Japan Vietnam Petroleum. The field is located in block Block 15-2, with water depth of 190 feet.

An expansion project is associated with the Rang Dong, namely Rang Dong EOR. This project is currently in the feasibility stage.

Field participation details

The field is owned by Vietnam National Oil and Gas Group, Batavia Oil, JX Nippon Oil & Gas Exploration and Mitsubishi.


Production from Rang Dong

The Rang Dong conventional oil field recovered 78.32% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 65 thousand bpd of crude oil and condensate and 85 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 70.71 Mmboe, comprised of 70.71 Mmbbl of crude oil & condensate. Rang Dong conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Rang Dong conventional oil field

Some of the key contractors involved in the Rang Dong project as follows.

Other Contractors: Mitsui E&S Holdings, Sami Instruments Asia and Star Engineering Joint Stock

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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