Jadestone Energy Plans Vietnam Offshore Gas Development with 21-Mile Pipeline
(Reuters) — Singapore-based oil and gas development company Jadestone Energy Plc has submitted a plan to state-controlled PetroVietnam to jointly develop two offshore gas fields in southwest Vietnam, it said on Tuesday.
The proposal includes drilling two wells in the Nam Du and U Minh fields to support a plateau gas production rate of 80 million standard cubic feet a day, Jadestone said in a statement.
Development of the Nam Du and U Minh gas fields would lessen Vietnam’s future dependence on expensive liquefied natural gas imports, Jadestone said separately on its website.
The gas will be tied to a floating production, storage and offloading unit (FPSO), where it would be processed and exported onshore through a 34 km (21 mile) pipeline to the nearby Ca Mau industrial complex.
Jadestone has operations across Southeast Asia and Australia. This project would mark its first foray into Vietnam.
The company did not provide a timeline for gas production, but said it was aiming to finalize a gas sales agreement with a buyer, which it did not identify.
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