Name: Block 05-1a (Dai Hung)
Brand: Wood Mackenzie
SKU: 7653
Price: 3720 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 14 November 2024

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Report summary

The Dai Hung field is located in the Nam Con Son Basin, 270 kilometres southeast of the town of Vung Tau. The field was brought onstream in October 1994 by BHP, using a floating production unit (FPU) and floating storage and offloading unit (FSO). The original PSC partners gradually withdrew from the project due to disappointing production performance. Following an appraisal drilling campaign in 2003, Zarubezhneft, PetroVietnam's partner in the Dai Hung field from 1999, also elected to withdraw from the project. In November 2007, PetroVietnam created a 100%-owned subsidiary - PVEP Dai Hung - specifically to operate and re-develop the field, which had underperformed against initial expectations. In 2009, a new PSC with investment incentives was signed by PVEP Dai Hung to operate and launch a second phase of development on Dai Hung. The second phase of development has involved the installation of a new wellhead platform and a major drilling campaign on the southern part of the field.

Summary
Key Issues
Emissions
- Key Development Metrics
- Wells
- Dai Hung I Floating Production Unit (DH-01 FPU)
- Catenary anchor leg mooring buoy (CALM)
- Floating Storage Offloading
Gas development
- Exploration Costs
- Dai Hung Phase I
- Dai Hung Phase II and III
Operating Costs
Gas Price
Cash Flow
Block 05-1a (Dai Hung pre-2009)
Block 05-1a (Dai Hung post-2009)