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November 25, 2021updated 27 Apr 2022 11:40am

Te Giac Trang (White Rhinoceros) Conventional Oil Field, Vietnam

By Carmen

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. The field is located in block Block 16-1 and Block 15-2/01, with water depth of 154 feet.

An expansion project is associated with the Te Giac Trang (White Rhinoceros), namely Te Giac Trang (TGT) Full Field Development. This project is currently in the approval stage, expected to start in 2022.

Field participation details

The field is owned by Pharos Energy, Vietnam National Oil and Gas Group and PTT Public.


Production from Te Giac Trang (White Rhinoceros)

The Te Giac Trang (White Rhinoceros) conventional oil field recovered 56.09% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 45.1 thousand bpd of crude oil and condensate and 32 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 82.71 Mmboe, comprised of 76.42 Mmbbl of crude oil & condensate and 37.78 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

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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