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Signing an cooperation investment agreement on a gas project of Blue Whale field

Signing an cooperation investment agreement on a gas project of Blue Whale field - 

On March 26, at the investment promotion conference  in 2017 of Quang Nam province, an investment cooperation agreement on a gas project of Blue Whale field between Vietnam Oil and Gas Group (PVN), Exxon Mobil Corporation (USA) and Quang Nam province has been signed with the witness of the Prime Minister Nguyen Xuan Phuc.

The cooperation agreement Ceremony between PVN, Exxon Mobil (USA) and Quang Nam province.

The Blue Whale gas field has some 150 billion cubic meters of gas in reserves

As planned, Exxon Mobil will invest in a wellhead drilling rig to handle water separation offshore, two subterranean exploiting clusters with four wells each and a pipeline of 88 kilometers to Chu Lai sea coast.

Onshore, PVN will invest in a gas treatment plant and a power plant with two units, capacity of 600MW - 700MW each. Both these plants are located in Nui Thanh district, Quang Nam province and expected to be put into operation by 2023.

Another power plant with the same capacity and completion schedule as Quang Nam one will be built in Quang Ngai province.

Total annual gas output is about 9-10 billion cubic meters, of which 1 billion m3 for deep processing in Dung Quat Refinery plant.

VietnamEnergy.vn

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