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

30.5%

2018 production (net)

5,686
BOEPD

Year awarded

1999

We were awarded Block 16-1 in 1999. Production from TGT began in 2011 and to date 41 wells have been drilled and an estimated 78 mmboe produced. 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

Operator

Hoang Long Joint Operating Company

Location

Cuu Long Basin, offshore Vietnam

Operational phase

Development & Production