Gulf Oil and Gas accountACCOUNT

ExxonMobil to Build Gas-for-Power Development in Vietnam

Source: www.gulfoilandgas.com 2/4/2019, Location: Asia

ExxonMobil, with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation, is advancing plans for a multi-billion dollar integrated gas-for-power development in central Vietnam. The company has awarded the contract for front-end engineering and design, and is filing appropriate permits, planning applications and other preparatory work for the proposed development.

If approved, ExxonMobil will lead the construction and operation of the project, which will produce and treat natural gas from the Ca Voi Xanh field, located offshore in block 118. The proposed project consists of an offshore platform, a pipeline to transport the gas to shore, an onshore gas treatment plant and pipelines that feed gas to third-party power plants to generate electricity locally.

“The Ca Voi Xanh project could bring a number of long-term benefits to the country, including cleaner, reliable power to help drive economic growth and improved living standards,” said Liam Mallon, president of ExxonMobil Development Company. “If the project goes forward, it is estimated to generate $20 billion in revenue to the Vietnamese government, thousands of local jobs and improved energy security from domestic gas development.”

Vietnam Electricity, PetroVietnam and Sembcorp are in discussions to build and operate the power plants. The proposed base development is expected to generate three gigawatts of power, equivalent to about 10 percent of Vietnam’s current total power demand.

A final investment decision, targeted in 2020, will be based on a number of factors, including regulatory approvals, government guarantees, executed gas sales agreements and economic competitiveness.

FEED News in Vietnam >>

Oman >>  6/10/2019 - Wood has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC) to provide FEED (front-end engineering design) for...
Australia >>  5/29/2019 - Wood has secured a new contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services f...

Qatar >>  5/27/2019 - Qatar Petroleum has awarded the FEED (Front End Engineering Design) contract for the North Field Expansion Project’s offshore pipelines and topsides f...
Nigeria >>  1/7/2019 - Penspen, a leading global provider of engineering and project management services to the energy industry, is pleased to announce that it has been awar...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


Vietnam Oil & Gas 1 >>  2 | 3 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.