Oil firm celebrates first Chim Sao oil tap

Output from Chim Sao is expected to plateau at around 25,000 barrels of oil per day, at which time gas production will be approximately 25 million cubic feet per day, the company said.

The Chim Sao field, discovered by Premier and its partners in November 2006, was approved for development by the Vietnamese Government in December 2009.

The development comprises a Floating Production Storage and Offloading (FPSO) facility, a well head platform and a subsea pipeline system to transport hydrocarbons, to export gas, and to provide water injection and gas lift.

Crude oil from the Chim Sao field will be transported to the FPSO Lewek Emas, which has a processing capacity of 50,000 barrels of oil per day. It will be processed, stored and exported via tankers from this facility.

Gas from the field will also be transported onshore for power generation.

Premier Oil, with a 53.125 per cent equity interest, operates Block 12W in the Nam Con Son Basin on behalf of its partners, Santos and Petro Viet Nam Exploration Production Corporation.

(source: VNS)

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