Field Development

Vietnam gives go ahead for further wells on offshore TGT field

Sept. 11, 2020

Vietnam’s Prime Minister has authorized Pharos Energy to proceed with the TGT full-field development plan in block 16.1 offshore the country’s southern coast.

Offshore staff

LONDON – Vietnam’s Prime Minister has authorized Pharos Energy to proceed with the TGT full-field development plan in block 16.1 offshore the country’s southern coast.

The approval represents the last stage of the required process and follows the recent award of a two-year license extension to Dec. 7, 2026.

Pharos will now start ordering long-lead for the six-well development drilling campaign due to start in 4Q 2021.

The infill program is designed to increase production from the TGT field from the present ~15,000 boe/d to around 20,000 boe/d in 2022.

Hoang Long Joint Operating Co. is the block operator.