The MoU was signed by CEO of Premier Oil Tony Durrant and CEO of PetroVietnam Nguyen Vu Truoang Son, on the sideline of the Asia Pacific Economic Cooperation (APEC) meeting in Da Nang, Vietnam last Friday (Nov 10.). The signing was witnessed by the Head of the Special Task Force for Upstream Oil and Gas (SKK Migas) Amien Sunaryadi.
“The signing of the MoU is expected to provide certainty over the development of the Tuna Block,” Amien Sunaryadi said.
Premier Oil, as the operator of the Natuna Block, will develop the block with a target to flow maiden gas in 2023. Currently, Premier Oil holds 65% participating interest in the block, MOECo 25% and the remaining interest by GS Energy.
Gas from the block will be delivered to Nam Con Song Pipeline System in Vietnam through cross border pipeline system which is being developed. “The cooperation will be followed by joint development of border areas,” Amien added.
The London-based Premier Oil has discovered oil in excess of 100 mmboe at the Kuda Laut-1 well on the Tuna Block, in 2014, The contractor is expected to install a gas pipeline along 71 km in order to deliver the gas to Vietnam from Tuna Block. The distance of Tuna Block gas wells to the boundary of water along the 11 km and about 60 km continued to the mainland.
Written by Roffie Kurniawan, email: email@example.com