Asset Report
Block 15-2 (Rang Dong & Phuong Dong)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Block 15-2 is located in the Cuu Long Basin and includes two oil and gas discoveries: Rang Dong and Phuong Dong. Rang Dong was brought onstream in 1998, initially via an early production system (EPS) involving a floating production, storage and offloading unit (FPSO). A new PSC was signed in April 2025 under the new 2022 Petroleum Act.
Table of contents
- Summary
-
Key Issues
- ConocoPhillips' asset sale
- Phuong Dong extension
- Perenco's asset sale
- 2025 new PSC signed
- 2025 PSC reserves
- Previous PSC reserves
- Previous PSC
- 2025 PSC
-
Recent/Future Development activities
- 2025 PSC developments
- Wells
- Facilities
- Floating Production Storage Offtake (FPSO) summary
- Rang Dong Stage 1
- E1 WHP summary
- S1 WHP summary
- Central Production Complex (CPC North) summary
- 8 more item(s)...
- Phuong Dong
- Gas developments
-
Exploration Costs
- Previous PSC
- 2025 PSC
- Pre-2025 PSC (defunct)
- 2025 PSC
- Cash Flow
- Block 15-2 (2025 PSC)
- Rang Dong
- Phuong Dong
Tables and charts
This report includes the following images and tables:
- Index Map
- Block 15-2 Map
- Pipeline Summary
- Exploration Costs 2017 to 2025 (US$ million)
- Cash Flow (US$)
- PV Table (US$)
- Summary Table (US$)
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2025
- Remaining PV Price Sensitivities
- Cash Flow (US$)
- 29 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Block 15/34 (Panyu 4-2, 5-1 and 11-6) (Ceased)
Block 15/34, located in Eastern South China Sea, contains three oil fields, Panyu 4-2, Panyu 5-1 and Panyu 11-6.
$3,720
Asset Report
Blocks 05-1b & 1c (Sao Vang/Dai Nguyet)
Onstream since 2020, Idemitsu-operated gas & condensate fields in Vietnam's Nam Con Son basin are the newest hub for nearby gas tie-ins
$3,720
Country Report
Norway upstream summary
Norway is Europe's largest oil and gas producer and most important supplier following Russia's invasion of Ukraine in 2022.
$11,340
