Project Profile
Value: US$150 million
Start-up Year: November 2012
Upstream Oil Reserves: 220 million bbl
Water Depth: 56m
The Su Tu Trang field has an estimated three to four tcf of gas and 300 million barrels of oil of 38-55 degrees API oil. The field is located 135km to the east of Ho Chi Minh City and 26km from the producing Su Tu Den oil field.
Operator:
CUU LONG Joint Operating Co.: This is a constituent company, made up of the following companies:
PetroVietnam: 50% interest
Perenco: 23.25% interest
Korea National Oil Corp (KNOC): 14.25% interest
SK Holdings: 9% interest
Geopetrol SA: 3.3% interest
Contractors:
Petroleum Technical Services Company (PTSC): EPC contract
J Ray McDermott Vietnam: Engineering, procurement and installation of wellhead platform, infield pipelines and composite power/fiber optic submarine cable
Sub Contractor:
Nippon Steel Corporation: Subcontracted of offshore installation by PTSC