Project Profile
Value: Undisclosed
Location: Southeast of Vung Tau in block 15-2 of the Cuu Long Basin, Vietnam
Start-up Year: August 1998
Peak production: 68,000 barrels of crude oil a day and 14 million cubic feet a day (mmcfd)
of natural gas
Area: 400,000 acres
Rang Dong oil field is located 135km southeast of Vung Tau in block 15-2 of the Cuu Long Basin in Vietnam. The block covers 400,000 acres and is proximate to the Bach and Ruby fields. Japan Vietnam Petroleum Corporation (JVPC), a subsidiary of JX Nippon Oil & Gas Exploration, operates the field by holding majority stake of 46.5% in the project. The remaining stake is held by ConocoPhillips (36%) and PetroVietnam (17.5%).
In May 2011, ConocoPhillips sold its stake in the filed. In February 2011, JVPC and co-owners of the field conducted a pilot test for enhanced oil recovery (EOR) from the field. It is claimed to be the first offshore EOR in south east Asia. An agreement to conduct a 20-day pilot test in June 2011 was signed between the state owned Japan Oil, Gas and Metals National Corporation (JOGMEC), PetroVietnam and JX Nippon Oil & Gas Exploration. As per the feasibility study, Rang Dong has a potential for increased oil production while reducing CO2 emissions.
Rang Dong has three platforms named NI, S1 and E1. Oil produced from the field is stored in MV-17, a floating storage and offloading vessel, and offloaded to tankers for export. MV-17 was installed at the field and given the ready for first oil certificate in November 2008. The FSO is owned by MODEC and leased to field operator JVPC. MV-17 has a deadweight tonnage (dwt) of 52,000 and installed at a depth of 60m inside the sea. The vessel can store 350,000bpd and receive 60,000bpd of oil.
Production commenced in August 1998 after the construction of the first platform. Two more platforms, added in 2003, increased the production from 50,000bpd to 68,000bpd. In 2009, Rang Dong produced seven million barrels of crude oil as well as 14 million cubic feet a day (mmcfd) of natural gas.
Contractors:
The engineering, procurement, construction and installation (EPCI) contract of MV-17 was awarded to MODEC in July 2006. The contract also called for commissioning, operation and maintenance of the FSO for nine years, with an option of one year extension for a further five years. MODEC was also responsible for the supply of an external turret mooring system. The system was designed and constructed by Sofec for MODEC. Pacific Energy was involved in the engineering and geo-technical services of the offshore field and QIS was responsible for the testing of pressure vessels and piping systems of the platforms. PFP provided the CS pipes, fittings, valves and flanges for the platform. The gas pipelines were laid by Global Industries.
Operators:
Japan Vietnam Petroleum Corporation (JVPC): Operator with 46.5% interest
Perenco Rang Dong : 36% interest
PetroVietnam: 17.5% interest
Contractors:
MODEC: EPCI contract of MV-17 and supply of an external turret mooring system.
Global Industries: Gas pipelines
PFP: CS pipes, fittings, valves and flanges for the platform
Pacific Energy: Engineering and geo-technical services of the offshore field
QIS: Testing of pressure vessels and piping systems of the platforms
Subcontractors:
Sofec: Design and construction of the external turret mooring system