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November 19, 2021updated 28 Apr 2022 5:48am

U Minh Conventional Gas Field, Vietnam

By Carmen

U Minh is a conventional gas development located in shallow water in Vietnam and is operated by Jadestone Energy. Discovered in 1997, U Minh lies in block Block 51, with water depth of around 164 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2022. 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 2024 and is forecast to peak in 2025, 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 2031.


Remaining recoverable reserves

The field is expected to recover 13.79 Mmboe, comprised of 1.07 Mmbbl of crude oil & condensate and 76.3 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. The company focuses on building its asset portfolio through acquisition of producing assets with significant opportunities for operating efficiencies, costs reduction and increased production through further investment. The Company is also involved in identifying non-producing assets with resources that can be developed and produced. It has gas development blocks, assets across Australia, Indonesia, Malaysia, New Zealand, Philippines, Vietnam and the UK. Jadestone Energy is headquartered in Singapore.

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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