Project Profile
Value: US$200 million
Start-up Year: 2012
Location: Block 09/27 in the Cuu Long Basin offshore southeast Vietnam
Water Depth: 60-70 metres
The Dong Do and Thang Long discoveries are found at Block 09/27 in the Cuu Long Basin offshore southeast Vietnam. The development will include an FPSO moored between the Thang Long and Dong Do fields with a wellhead platform at each of the two discoveries. The FPSO will process up to 16,000 barrels per day of oil and will be installed in 60-70 metres of water. The FPSO will be tied back to the two well head platforms. Four oil producers and three water injection wells are planned at Thang Long and another four to five at Dong Do. The production facilities will be connected by about 15 kilometres of flowlines and gas-production lines. Thang Long is anticipated to reach its peak production at between 25,000 and 30,000 b/d.
First oil from the Thang Long field is targeted for 2012 followed by Dong Do in 2013.
Operators:
Lam Son Joint Operating Company (LSJOC): Operator
Perenco: 23.25% interest
Petrovietnam: 50% interest
Korean National Oil Corporation (KNOC): 14.25% interest
SK Coportation: 9% interest
Geopetrol: 3.5% interest
Contractors:
PetroVietnam Drilling and Well Services JSC: Lease an oil rig to Lam Son JOC joint venture
Petrovietnam Technical Services Corporation (PTSC): EPC contract
RNZ Integrated: FEED contract
Sub contractors:
Joint ventuure for construction and installation and subsequent chartering of an FPSO:
Fred. Olsen Production
Marubeni Corporation
Keppel Shipyard: Conversion of tankers into production vessels
Note: Fred Olsen pulled the plug after failing to reach an agreement as of May 2012