balisurf: Any comments on this quote from EIA's recent Vietnam Analysis, February 1998:
<<In April 1997, PetroVietnam announced the discovery of a new oil field, called Bunga Kekwa, located in block PM3 off the southern coast of Vietnam between Vietnam and Malaysia. The field is being developed jointly by PetroVietnam holding a 12.5% interest, Malaysia's Petronas 46%, Canada's International Petroleum Development 26%, and Sweden's Sands Petroleum 15.5%. Initial production levels were estimated at 25,000 bbl/d; however, the field currently is producing only 16,000 bbl/d. Maximum production is projected to reach 40,000 bbl/d, with oil reserves estimated at over 100 million barrels and 48 Bcf of gas.>>
I believe initial production levels were estimated at 18000 bbl/d, not 25,000. Isn't the current production level 18000 bopd?!? And what about the maximum production (40,000 bbl/d) and oil reserves (over 100 million barrels), they are referring only to Bunga Kekwa, not the entire PM3 block! Sounds very good to me.
I'm afraid they have mixed up the Vietnamese Bunga Kekwa discovery in April 1997, and the Bunga Kekwa (PM3) development underway in Malaysia.
eia.doe.gov
Tomas |
