Asset Report

Block 118 (Ca Voi Xanh)

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07 March 2017

Block 118 (Ca Voi Xanh)

Report summary

Ca Voi Xanh (CVX) was discovered in 2011 and lies in the shallow waters of Block 118 in the Song Hong Basin, near the Chinese 9-dash maritime border claim. The field is Vietnam's largest gas discovery with a gross gas volumes estimated to seven tcf (including CO2). On January 2017, PetroVietnam and ExxonMobil have cleared a crucial commercial hurdle by signing a framework heads of agreement on the development and, more importantly, the gas sales for CVX. CVX will underpin Vietnam's biggest power generation project. The gas will be transported onshore via an 88-kilometer pipeline and will initially fire-up four power plants with a combined capacity of 3,000 MW. The power plants will have a capacity of 750 MW each and are all expected to be commissioned between 2023 and 2024. A fifth-750 MW power plant may be added in 2026.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
  • Sales contracts
  • Fiscal and regulatory
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 19 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Detail Map
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production Profile
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities
  • Costs: Table 1
  • Costs: Table 2

What's included

This report contains:

  • Document

    Block 118 (Ca Voi Xanh)

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  • Document

    Block 118 (Ca Voi Xanh)

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  • Document

    Block 118 (Ca Voi Xanh)

    ZIP 6.71 MB