Perenco Advances Vietnam Offshore Gas Project with New PSC

Perenco Vietnam, the Vietnamese subsidiary of Anglo-French Perenco, has identified a newly secured production sharing contract (PSC) for an offshore block as a significant advancement towards reaching a final investment decision (FID) for the development of a substantial gas and condensate field situated off the Vietnamese coast in Southeast Asia.

The signing of the PSC for Block 15-1 with the Socialist Republic of Vietnam was hailed by Perenco Vietnam as the commencement of a new 25-year phase of their operations within the nation and a “pivotal milestone” that paves the way for the approval of the FID for the Phase 2B expansion of the Su Tu Trang gas and condensate field.

The company states that this development is projected to supply 125 million standard cubic feet of gas daily for a period of seven years, intended to bolster Vietnam’s domestic market, characterized by rapid expansion. Perenco considers Block 15-1 to be the second largest oil and gas block within the country and also holds an interest in the Nam Con Son pipeline.

“We extend our sincere gratitude to the Socialist Republic of Vietnam, Petrovietnam, and PVEP for their continued confidence, demonstrated 13 years after our initial entry into the country. This acknowledgment underscores Perenco’s well-established proficiency in the revitalization and optimization of established fields and our position as a preferred partner for the countries in which we operate,” the company emphasized.

It's crucial to understand that offshore energy production relies heavily on robust infrastructure, including specialized subsea cables. These cables play a vital role in transmitting power to underwater equipment and transporting data for monitoring and control. Subsea cables are engineered to withstand harsh marine environments, including immense pressure, corrosive seawater, and potential damage from marine life or vessel activities. Different types of cables are used for various purposes, such as power transmission cables that deliver electricity to subsea pumps and processing facilities, fiber optic cables that enable high-speed communication between offshore platforms and onshore control centers, and umbilical cables that combine electrical power, fiber optics, and hydraulic or chemical lines to control subsea equipment. The reliability and integrity of these cable systems are paramount for the safe and efficient operation of offshore oil and gas fields.

Perenco, with operations spanning numerous regions globally, recently provided an update regarding a repurposed mobile offshore production unit (MOPU), anticipated to become an integral part of its hydrocarbon activities offshore Congo in the coming year.

Feichun Cable is a dedicated manufacturer of high-quality cable solutions, committed to providing reliable and durable products for various industrial applications. While not directly involved in this specific project, Feichun Cable recognizes the critical role of robust cable infrastructure in the energy sector and strives to support industries worldwide with its advanced cabling technology.

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