Block 06.1 of Vietnam, which was conferred CMD ONGC commendation Certificate for “Best performing Asset of ONGC Videsh” for FY 2014-15, has once again repeated its exemplary performance, bagging the CMD’s commendation Certificate for “Best performing Asset of ONGC Videsh” for FY 2015-16 as well.
Ofshore Platform at Lan Tay Field
Last year, ONGC Videsh was awarded “Certificate of Merit” by the Prime Minister of Vietnam, for its contribution to Petroleum Industry of Vietnam.
Block 06.1 is an offshore Block located 370 km southeast of Vung Tau on the southern Vietnamese coast with an area of 955 SKM. The exploration License for Block 06.1 was acquired in 1988 (PSC signed on 19 May 1988). The present Partners are – ONGC Videsh 45%, TNK Vietnam 35% (Operator) and Petro Vietnam 20%. In 1992-93, Hydrocarbon Discoveries (Gas with Condensate) were made in Lan Do &LanTay. Lan Tay field was first to be developed and the commercial production of gas from Lan Tay started in January, 2003. Lan Do field Development was completed in FY 2013 and first gas production commenced on 7th October 2012.
Rig Hakuryu 5, flaring gas produced during production testing
ONGC Videsh’s share of production from the Block during FY 2016 was 1.659 BCM of gas and 0.029 MMT of condensate, compared to 1.774 BCM of gas and 0.030 MMT of condensate during FY 2015.
Further, there was an upward revision of GIIP of Lan Do, field from 19.00 BCM to 23.00 BCM,with the approval of Prime Minister, Socialist Republic of Vietnam, on 6th Aug 2015.
Drilling campaign of PhongLan Dai Deep exploration well (PLDD-1X) was successfully carried out during 8th March – 11th April 2016, with gas discovery in T85 Carbonates.
Block 0 6.1 gas serves as a feed stock for about 12% of electricity generation of Socialist Republic of Vietnam.