Lac Da Vang is a conventional oil development located in shallow water in Vietnam and is operated by Murphy Cuu Long Bac Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Lac Da Vang was discovered in 2010, lies in block Block 15-1/05, with water depth of around 157 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project was approved in 2023. The development cost is expected to be $909 m. The Lac Da Vang conventional oil development will involve the drilling of approximately eight wells and includes fixed platform, FSO, and wellhead platforms.
Field participation details
The field is owned by Murphy Oil, SK Innovation and Vietnam National Oil and Gas Group.
Production from Lac Da Vang
Production from the Lac Da Vang conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2043.
Contractors involved in the Lac Da Vang conventional oil field
Some of the key contractors involved in the Lac Da Vang project as follows.
Main EPC: Vietnam National Oil and Gas Group
Other Contractors: Vietnam National Oil and Gas Group
For more details on the Lac Da Vang Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
