Stay Connected

Vietnam TGT partners to drill offshore on southern fault block

Offshore staff

LONDON – SOCO International says the Te Giac Trang (TGT) field offshore southern Vietnam continues to perform as expected, currently delivering 52-55,000 b/d of oil.

Production comes from two 16-slot platforms with 16 producer wells. The second platform entered service in July 2012.

The partners plan further drilling and appraisal as part of the ongoing development, with three to four infill wells planned this year, along with the H5 step-out appraisal well. The program is expected to start this spring.

TGT extends over 13 km (8 mi) and at least five fault blocks. Its producing reservoir comprises a complex series of more than 50 clastic Miocene and Oligocene reservoir intervals.

RPS Energy Consultants estimate oil in place in the 466-958 MMbbl range, with potentially 53-152 MMbbl still to be discovered, particularly in the undrilled southernmost fault block, H5.

Based on data from producing wells and the provision of injection support, RPS estimates recovery potential at 28-35%. However, SOCO believes that further drilling and longer-term production will continue to de-risk the field and boost recovery to 45-50%.

2/13/2013

Related Articles

CEPSA agrees to Coastal Energy takeover

Nov 19, 2013

Spanish oil company CEPSA has agreed to acquire Coastal Energy via a share purchase.

Statoil fined for North Sea waste mix-up

Nov 19, 2013

Statoil has been handed a NOK-10 million ($1.64-million) fine for an incident on the Oseberg C platform in May 2011.

Trending News

Thailand plans Feb auction including offshore petroleum concessions

Oct 23, 2014

Thailand will host a new auction round next February for petroleum concessions on 29 onshore and offshore blocks.

InterMoor completes two projects for COOEC offshore China

Oct 23, 2014

InterMoor, an Acteon company, has completed two offshore projects for China Offshore Oil Engineering Corp. (COOEC) in the Pearl River Mouth basin Panyu and Enping 24-2 fields of the South China Sea.

DNV GL releases next-generation Phast software

Oct 23, 2014

DNV GL’s latest version of Phast software for process industry hazard analysis has added features aimed to increase efficiency, improve the understanding and communication of results, and support rapid decision-making.  

GDF Suez, BP confirm two-block North Sea discovery

Oct 23, 2014

GDF Suez E&P UK and BP have a new discovery in the UK central North Sea.

FMC subsea equipment to tie in Laggan-Tormore satellites

Oct 23, 2014

Total has contracted FMC Technologies for subsea systems for the Edradour and Glenlivet fields in the UK’s west of Shetland area.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>