Dai Hung 3

Dai Hung 3 Oil and Gas Phase Profile

Overview

The Dai Hung 3 Oil and Gas Phase is a development project located within the Dai Hung complex, offshore Vietnam. This phase is part of the larger Dai Hung Oil and Gas Field, also known as the Big Bear field.

Project Details

• Status: In development.
• Operator: PetroVietnam.
• Owner: PetroVietnam (100.0% ownership).
• Discovery Year: 1985, although the broader Dai Hung field was discovered by Mobil Oil & Gas in 1974.
• Final Investment Decision (FID) Year: Not yet determined, as the project is still in development.
• Production Start Year: Not yet determined, as the project is still in development.

Location

• Location: Offshore, Vietnam, specifically in Block 05-1a.
• Coordinates: 8.4886, 108.6773 (WGS 84).

Production and Reserves

While specific production and reserve data for the Dai Hung 3 phase alone are not provided, the broader Dai Hung Oil and Gas Field has the following details:

• Remaining Recoverable Reserves: Approximately 28.94 million barrels of crude oil and condensate as of 2021, and 29.76 million barrels as of 2023.
• Production: The Dai Hung field produces around 4.81 million barrels per year of crude oil and condensate, and 3.44 million barrels of oil equivalent per year of hydrocarbons as of recent data.

Development Context

The Dai Hung 3 phase is part of an expansion plan for the Dai Hung complex. Here are some key points related to the development:

• Expansion Project: The Dai Hung Phase 3 is currently in the construction stage and is expected to start in 2025.
• Infrastructure: The development of the Dai Hung field, which includes the Dai Hung 3 phase, involves various infrastructure such as the Dai Hung I Floating Production Unit (FPU-DH1), wellhead platforms, and a Floating Storage and Offloading (FSO) unit like the Hikari Orient.

Contractors and Partners

While specific contractors for the Dai Hung 3 phase are not detailed, the broader Dai Hung project has involved several key players:

• Main EPC Contractor: Zarubezhneft.
• Other Contractors: Vietnam National Oil and Gas Group and Federal International (2000).
• Historical Partners: The field has seen involvement from Vietsovpetro, BHP Petroleum-led consortium, and other international oil companies in the past.

Operational Context

The Dai Hung field, including the Dai Hung 3 phase, is operated by PetroVietnam Exploration Production (PVEP), an upstream subsidiary of Vietnam National Oil and Gas Group. PVEP is responsible for the development and operation of petroleum projects in Vietnam and other countries.

In summary, the Dai Hung 3 Oil and Gas Phase is an ongoing development within the established Dai Hung complex, operated by PetroVietnam, with an expected start of production in the near future as part of the broader expansion plans for the field.