Vietnam
Block 15-2
Since the acquisition of Block 15-2 in 1992, the project has been one of NOEX's key projects. Operator and NOEX subsidiary JVPC has been involved in the ongoing exploration and development of the block, including the production of crude oil and natural gas. As we develop our business, we will stress coexistence with communities and society, actively promote social welfare activities and projects aimed at reducing greenhouse gas emissions (the Clean Development Mechanism [CDM] project), and make a major contribution toward better lives for Vietnamese.
Sophisticated Exploration Technologies and Production/Recovery Technologies
Rang Dong and Phuong Dong oil fields feature a fractured granite basement rock reservoir that is unique in the world. NOEX's fracture evaluation technology is highly valued and receiving worldwide recognition. We constantly aim to improve the productivity of these fields by applying advanced tools, including fracture evaluation and horizontal borehole drilling technologies. In 2013, the Vietnamese government granted an extension of our interest in the Rang Dong oil field (5 years) for the implementation of HCG-EOR.*
- Technology for enhanced oil recovery that is based on injecting hydrocarbon gas into oil reservoirs.
Project Summary
Block 15-2ExplorationDevelopmentProduction
| Project Company | Japan Vietnam Petroleum Company* |
|---|---|
| Shareholders (Holding Percentages) | JX Nippon Oil & Gas Exploration Corporation (100%) |
| Interest | 39.5% |
| Partners (Interest) | PVEP (30%) PERENCO (30.5%) |
- Operator
Japan Vietnam Petroleum Company Block 15-2 Project History
| October 2019 | Granted a license extension of five years in the Phuong Dong oil field |
|---|---|
| October 2014 | Commenced HCG-EOR project |
| July 2014 | Achieved cumulative oil production of 200 million barrels |
| November 2013 | Granted a license extension of five years in the Rang Dong oil field for HCG-EOR project implementation |
| September 2008 | Commenced production at Phuong Dong oil field |
| July 2008 | Rang Dong oil field reached cumulative oil production of 150 million barrels |
| February 2006 | Rang Dong oil field associated gas recovery and utilization project was registered as a CDM Project under the Kyoto Protocol (CERs were issued in February 2008) |
| June 2005 | Rang Dong oil field reached cumulative oil production of 100 million barrels |
| August 1998 | Commenced production at Rang Dong oil field |
| June 1994 | Discovered Rang Dong oil field in Block 15-2 |
| October 1992 | Acquired working interest in Block 15-2 |