Vietnam

Block 12W (Chim Sao and Dua)

Previously operated by Santos Limited up until 2018. Chim Sao and Dua oil fields (with some associated gas) are located in the Nam Con Son basin offshore in Vietnamese waters in water depths of approximately 95 meters. The fields are currently expected to produce until 2030. Premier as the Operator has begun a fieldlife extension assessment of all the facilities, most critically the well head platform and main field flow lines which had 10-year design lives (in line with the original development plan). The necessary modifications are expected to be completed by 2020. The operator plans to conduct a series of well interventions that will help offset the natural reservoir decline rates in 2019.

Type of Contract : Production Sharing Contract (PSC)
Areas (Km2) : 150
Contract Expiry : 2030
Participacing Interest : Premier Oil - 53.1% (Operator)
MedcoEnergi - 31.9%
PVEP - 15%
Status : Production