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SOCO strikes oil at TGT Field
22 August 2011: SOCO’s, Te Giac Trang Field ('TGT') produces the first flow of crude oil and wet gas. The block is operated on behalf of SOCO and its Partners, PetroVietnam and PTT Exploration and Production Public Company by the Hoang Long Joint Operating Company ('HLJOC').
Crude oil from the TGT Field is transported via a subsea pipeline system to the FPSO 'Armada TGT 1', which has a name plate processing capacity of 55,000 barrels of oil per day ('BOPD'), where it is processed, stored and exported via tankers to regional oil refineries. Gas will be transported through a pipeline to the nearby Bach Ho Facilities for processing and transportation to shore via the existing pipeline infrastructure for further distribution to meet domestic demand. TGT oil output is expected to plateau at approximately 55,000 BOPD and gas production will be approximately 30 million cubic ft per day.
Source: Yourindustrynews