Asia-Pacific focused oil and gas company Jadestone Energy has submitted a field development plan (FDP) for the Nam Du/U Minh (NDUM) discoveries offshore southwest Vietnam to Petrovietnam…
Asia-Pacific focused oil and gas company Jadestone Energy has submitted a field development plan (FDP) for the Nam Du/U Minh (NDUM) discoveries offshore southwest Vietnam to Petrovietnam, kick-starting the regulatory approval process.
The FDP sets out a phased development concept for NDUM, which is based on unmanned wellhead platforms at each of the Nam Du and U Minh fields tied back to a floating production, storage and offloading (FPSO) unit, with processed gas exported onshore through a 34 km pipeline tied into an existing trunkline to the Ca Mau industrial complex in southwest Vietnam.
The first phase of the FDP envisages the Nam Du field initially being brought onstream, accelerating first gas to Vietnam and revenues to Jadestone to help fund the development of U Minh production in the second phase.
The FDP contemplates drilling two wells from each platform to support a plateau rate of 80MMscf/d.
Following receipt of Petrovietnam’s endorsement, the FDP will be considered for approval by the Ministry of Industry and Trade.
The next steps in the development process include finalizing the gas sales agreement, which is well advanced with the gas buyer, to formalize the heads of terms agreed in January 2024.
A financing plan, which
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