The TGT Field is located in Block 16-1, offshore Vietnam in the shallow water Cuu Long Basin, approximately 100km from Vung Tau.

Vietnam 1440X810 Block16 1 01

Working interest


2023 production (net)


Year awarded


Pharos Energy has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos’ unitised interest in the TGT field is 29.7%. We were awarded Block 16-1 in 1999 and production from TGT began in 2011. Oil from TGT is transported by a sub-sea pipeline to a nearby leased Floating Production Storage and Offloading vessel, where it is processed and then exported by tanker. Gas from TGT is processed at nearby facilities and transported by pipeline to shore, to supply the Vietnamese domestic market.

Pharos Energy interest

30.5% working interest


Hoang Long Joint Operating Company


Cuu Long Basin, offshore Vietnam

Operational phase

Development & Production