PetroVietnam-Gazprom JV pumps first gas from Vietnam’s Bien Dong 1

Vietnam-based Bien Dong Petroleum Operating Company, a joint venture between state-owned PetroVietnam and Russia’s gas giant Gazprom, has pumped first gas from Vietnam’s Bien Dong 1 project covering the Hai Thach and Moc Tinh gas and condensate fields, PetroVietnam said in a statement Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

PetroVietnam said it was “the technical first gas” and did not give the initial output. But it said production from the project, which is expected to last for 25 years, could reach 8.5 million cubic meters/day of natural gas and 25,000 b/d of condensate.

Gas will be be supplied to customers in the country’s south through the existing Nam Con Son 1 gas pipeline, the statement said.

The Hai Thach in Blocks 05.2 and 05.3 and Moc Tinh in Block 05.3 offshore southern Vietnam in the South China Sea have estimated combined reserves of 55.6 Bcm of gas and 25.1 million mt of gas condensate, according to Gazprom.

The Russian company in April last year signed a deal to acquire a 49% stake in the project with PetroVietnam holding the remainder.

–Dao Dang Toan, newsdesk@platts.com
–Edited by Jeremy Lovell, jeremy.lovell@platts.com