SOCO has achieved the first flow of crude oil and wet gas from the Te Giac Trang field (TGT) in the Cuu Long Basin offshore Vietnam.
The TGT Field, discovered in August 2005, was approved for the initial development by the Government of Vietnam in September 2009. The development is comprised of a Floating, Production, Storage and Offloading vessel (FPSO), two Well Head Platforms (H1 and H4 areas), and a subsea pipeline system to transport hydrocarbons, gas export, gas lift and water for injection.
Crude oil from the TGT Field is transported via a subsea pipeline system to the FPSO Armada TGT 1, which has a name plate processing capacity of 55,000 barrels of oil per day (BOPD), where it is processed, stored and exported via tankers to regional oil refineries. Gas will be transported through a pipeline to the nearby Bach Ho Facilities for processing and transportation to shore via the existing pipeline infrastructure for further distribution to meet domestic demand.
TGT oil output is expected to plateau at approximately 55,000 BOPD, and gas production will be approximately 30 million cubic feet per day.
In addition to starting first production from the TGT Field H1 area, HLJOC continues drilling production wells in the H4 area of the TGT oil and gas field and fabricating Platform Topsides in preparation for its petroleum production start-up in August 2012.
The block is operated on behalf of SOCO and its partners, PetroVietnam and PTT Exploration and Production Public Company Limited, by the Hoang Long Joint Operating Company ('HLJOC'), which was established in 1999.