Vietnam's Cuu Long starts natural gas output at Su Tu Trang field

Reuters    Translate This Article
18 September 2012

* Pilot plant started on Sunday - sources

* Currently producing 50 MMSCF natural gas, 5,000 bpd of condensate

SEOUL/SINGAPORE, Sept 18 (Reuters) - Vietnam's Cuu Long joint venture has started producing natural gas at a pilot plant in Vietnam's Su Tu Trang field, sources familiar with the project said on Tuesday.

Su Tu Trang is one of the four fields in Block 15-1, 50 km off the coast of Vietnam, which the venture was set up to explore and operate, with PetroVietnam Exploration and Production Company (PVEP) and ConocoPhillips as the main stakeholders.

'We started up the pilot plant two days ago,' one source said.

The plant is producing 50 million standard cubic feet (MMSCF) of natural gas and 5,000 barrels per day (bpd) of condensate, a second source said.

Natural gas production at Su Tu Trang, meaning 'White Lion', will be added to [the] supply from the neighbouring Su Tu Vang field, while condensate could be co-mingled with medium sweet crude output from Su Tu Den, which is producing less than 40,000 bpd, he said.

Su Tu Trang's condensate output may rise to 10,000 bpd at a later stage, a third source said.

PVEP holds 50 percent of the venture and ConocoPhillips has 23.25 percent. Other shareholders include Korean National Oil Corp (KNOC) with 14.25 percent, SK Energy with 9 percent and Geopetrol with 3.5 percent.

(Reporting by Cho Meeyoung and Florence Tan; Editing by Clarence Fernandez and Joseph Radford)

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