Asset report

Block 05-1a (Dai Hung)

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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.

What's included

This report contains

  • Document

    Block 05-1a (Dai Hung)

    PDF 767.29 KB

  • Document

    Block 05-1a (Dai Hung)

    XLS 751.50 KB

  • Document

    Block 05-1a (Dai Hung)

    ZIP 1.40 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
  • Sales contracts
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 29 images and tables including:

Images

  • Index Map
  • Dai Hung Map
  • Dai Hung Phase I
  • Dai Hung Phase II
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining PV Price Sensitivities

Tables

  • Key facts: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Sales contracts: Table 1
  • Participation: Table 1
  • Production: Table 1
  • Production: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Block 05-1a (Dai Hung pre-2009)
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Block 05-1a (Dai Hung post-2009)
  • Economic analysis: Table 5
  • Economic analysis: Table 6

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