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Te Giac Trang Begins to Flow

22 August 2011

Oil and gas have begun flowing from the Te Giac Trang field on Block 16-1, off Vietnam, according to UK-based junior Soco International.

Soco said the first flow of oil and gas started at 0655 local time on Monday but did not give exact rates, however output from the field is expexted to plateau at about 55,000 barrels of oil and 30 million cubic feet of gas per day.

Oil from the field is transported via a subsea pipeline to the Armada TGT-1 floating production, storage, floating and offloading vessel, which has a name plate processing capacity of 55,000 bpd, and is then exported via tankers to regional oil refineries.

Soco said gas would be transported via a pipeline to the nearby Bach Ho facilities for processing and transportation to shore via existing infrastructure.

The Te Giac Trang field was discovered in 2005 and is comprised of the FPSO, two well head platforms and a subsea pipeline system.

Operator Hoang Long Joint Operating Company (HLJOC) has previously estimated the field to hold recoverable reserves of between 300 million and 500 million barrels of oil.

Soco owns a 30.5% stake in the HLJOC along with partners PetroVietnam Exploration & Production which holds a 41% interest and Thailandís PTT Exploration & Production holding the remaining 28.5%.

(source: upstream online)