BP Vietnam gas project to go ahead - March 28, 2001

Providing coverage of Alaska and northern Canada's oil and gas industryMarch 2001

Vol. 6, No. 3

Week of March 28, 2001

BP Vietnam gas project to go ahead

BP’s $1.3 billion Nam Con Son gas project offshore Vietnam is set to go ahead. The company said Feb. 28 that the project is Vietnam’s largest foreign investment to date and its first dedicated gas-to-power project.

The project centers around the development of 2 trillion cubic feet of offshore gas which will be brought ashore by pipeline and used by three generating plants to provide electricity primarily for consumption in the Ho Chi Minh City area. The electricity generated from this gas represents approximately 40 percent of Vietnam’s current demand.

Construction will begin soon on a steel production platform, which will be installed over the reservoir, and a new onshore gas processing terminal, which in turn will be fed by a 360 kilometer pipeline. The pipeline is designed to accommodate future gas supplies from the Nam Con Son Basin, including the Hai Thach field, discovered by BP in 1995.

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