OVL plans to boost gas production in Vietnam field

Nov 06, 2004 01:00 AM

ONGC Videsh plans to boost gas production from its Vietnam offshore gas field by 30 % to 3.15 bn cm (305 cfpd) by 2005, company chairman Subir Raha said.
The incremental gas supply from the Lan Tay and Lan Do fields in Vietnam's southern offshore Nam Con Son basin will go towards fuelling power plants in the southern province of Ba Ria-Vung Tau, he told.

BP-OVL currently supplies gas from the basin to four gas-based power plants, with a total power generation capacity of around 2,550 MW. As of end-October, the Nam Con Son gas project had produced 1.91 bn cm of gas since January this year, and is expected to pump a cumulative 2.4 bn cm by end-December.
The Lan Tay and Lan Do fields in Block 6-1, in which OVL has 45 % stake, hold an estimated combined total reserves of around 58 bn cm (2.05 tcf). BP operates Block 6-1 with 35 % equity while PetroVietnam has the remaining 20 %.

Raha said OVL will also soon begin work on the $ 1 bn contract for revamp and upgradation of a petroleum oil refinery at Port of Sudan in Sudan.
The project is expanding the capacity of the refinery from 34,000 bpd to 71,000 bpd, he said. The company has also floated tenders for developing exploration block 5A in Sudan, he said adding OVL is already entitled for 25 % share of the 13 mm ton crude oil produced by Greater Nile Oil Project in Sudan.

Source: Hindustan Times
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