PetroVietnam broke ground last Saturday on the Nhon Trach 1 power plant and Phu My-HCM City pipeline projects. Covering 33.4ha in Dong Nai Province, the Nhon Trach combined cycle power plant will cost an estimated US$420 million.
The Viet Nam Construction and Machinery Installation Corporation (LILAMA) and the Construction Corporation No1 are responsible for building the plant, with electricity generating equipment provided by Switzerland-based Alstom Power. Once operational in March 2008, the 462MW plant will be able to churn out 2.5 billion KWh a year.
In the second project, Malaysia’s Nacap Asia-Pacific will construct a 40km pipeline at a cost of more than $97 million to transport gas from the Phu My distribution station to the Nhon Trach 1 power plant and Hiep Phuoc industrial zone in HCM City.
The pipeline is scheduled for completion sometime in the first quarter of 2008 and will be able to annually feed around 2 billion cu.m. of gas to the electricity plant and industrial zone. PetroVietnam General Director Tran Ngoc Canh added that by March 2008 the company’s power plants in Dong Nai and Ca Mau provinces will be able to generate 12 billion KWh a year, or about a fifth of the country’s total electricity output.
New oil discovery capable of 5,000 barrels per day
A prospect well drilled into the Te Giac Trang field in Cuu Long basin offshore Viet Nam has yielded an oil flow of approximately 5,000 barrels per day, according to the Thang Long Joint Operating Company (Thang Long JOC).
The well in one of the Lower Miocene reservoirs, at a depth of 2640-2700m below sea level, showed that the Te Giac Trang oilfield is located on both Block 15-2/01 operated by Thang Long JOC and Block 16-1 operated by Hoang Long JOC. The oilfield is located off the coast of Vung Tau, about 125 km southwest from Ho Chi Minh City.
Following the discovery, Thang Long JOC will discuss a plan of development at Te Giac Trang field with Hoang Long JOC, a joint-venture between the Viet Nam Oil and Gas Group (PetroVietnam) and three foreign-invested companies.
This year, Thang Long JOC plans to drill three additional exploration wells in other prospective areas to evaluate the hydrocarbon potential of Block 15-2/01. Thang Long JOC was formed on May 16, 2005 between Talisman (Viet Nam 15-2/01) Ltd. of Canada, holding 60 percent of interest share, and PetroVietnam Exploration and Production Company (PVEP) of Viet Nam, holding 40 percent.
The Viet Nam Construction and Machinery Installation Corporation (LILAMA) and the Construction Corporation No1 are responsible for building the plant, with electricity generating equipment provided by Switzerland-based Alstom Power. Once operational in March 2008, the 462MW plant will be able to churn out 2.5 billion KWh a year.In the second project, Malaysia’s Nacap Asia-Pacific will construct a 40km pipeline at a cost of more than $97 million to transport gas from the Phu My distribution station to the Nhon Trach 1 power plant and Hiep Phuoc industrial zone in HCM City.
The pipeline is scheduled for completion sometime in the first quarter of 2008 and will be able to annually feed around 2 billion cu.m. of gas to the electricity plant and industrial zone. PetroVietnam General Director Tran Ngoc Canh added that by March 2008 the company’s power plants in Dong Nai and Ca Mau provinces will be able to generate 12 billion KWh a year, or about a fifth of the country’s total electricity output.
New oil discovery capable of 5,000 barrels per day
A prospect well drilled into the Te Giac Trang field in Cuu Long basin offshore Viet Nam has yielded an oil flow of approximately 5,000 barrels per day, according to the Thang Long Joint Operating Company (Thang Long JOC).
The well in one of the Lower Miocene reservoirs, at a depth of 2640-2700m below sea level, showed that the Te Giac Trang oilfield is located on both Block 15-2/01 operated by Thang Long JOC and Block 16-1 operated by Hoang Long JOC. The oilfield is located off the coast of Vung Tau, about 125 km southwest from Ho Chi Minh City.
Following the discovery, Thang Long JOC will discuss a plan of development at Te Giac Trang field with Hoang Long JOC, a joint-venture between the Viet Nam Oil and Gas Group (PetroVietnam) and three foreign-invested companies.
This year, Thang Long JOC plans to drill three additional exploration wells in other prospective areas to evaluate the hydrocarbon potential of Block 15-2/01. Thang Long JOC was formed on May 16, 2005 between Talisman (Viet Nam 15-2/01) Ltd. of Canada, holding 60 percent of interest share, and PetroVietnam Exploration and Production Company (PVEP) of Viet Nam, holding 40 percent.
