The first flow of crude oil and wet gas from the Te Giac Trang field (TGT) began the morning of Aug. 22 through the Armada TGT 1 floating, production, storage, and offloading (FPSO) vessel, according to SOCO International. Initial production is 16,000 bbl/d from the HI wellhead platform, which is expected to reach 55,000 bbl/d by year end.
The TGT Field was discovered in August 2005 and was approved for the initial development by the Vietnamese government in September 2009. The development consists of the FPSO, two wellhead platforms (H1 and H4 areas), and a subsea pipeline system.
Crude oil from the TGT Field is transported via a subsea pipeline system to the FPSO, where it is processed, stored and exported via tankers to regional oil refineries. Gas will be transported through a pipeline to the nearby Bach Ho facilities for processing and transportation to shore via the existing pipeline infrastructure for further distribution to meet domestic demand. TGT oil output is expected to plateau at approximately 55,000 bbl/d and gas production will be about 30 million cubic feet per day.
The block is operated by the Hoang Long Joint Operating Co. on behalf of SOCO and its partners, PetroVietnam and PTT Exploration and Production Public Co. Ltd.
In addition to starting first production from the TGT field H1 Area, the operating company continues to drill production wells in the H4 area of the TGT field and fabricating platform topsides in preparation for its petroleum production start-up in August 2012. Offloading of production from the H4 platform is still being devised.
Recommended Reading
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
2025-01-08 - Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
2025-02-20 - Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
PHX Minerals Explores Sale After Rejecting Acquisition Bids
2024-12-13 - PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay
2024-12-13 - Berry Corp.’s legacy roots are in California’s Central Valley—but its growth engine is in Utah’s emerging Uinta Basin, CEO Fernando Araujo told Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.