JOGMEC to test enhanced oil recovery in Vietnam

State-run Japan Oil, Gas and Metals National Corp (JOGMEC), a unit of JX Nippon Oil & Gas Exploration Corp and PetroVietnam have agreed to conduct a 20-day pilot test applying enhanced oil recovery technology at a field offshore Vietnam in June, JOGMEC said.

The technology to inject liquefied carbon dioxide into a reservoir to improve production, often at mature oil fields, is less common offshore than for fields on land for economic reasons.

The test, which JOGMEC said on Tuesday would be the first offshore case in South East Asia, will be implemented in the Rang Dong oil field of Block 15-2. The unit — Japan Vietnam Petroleum Co — is an operator producing oil and gas together with partners including ConocoPhillips (COP.N: Quote).

The results of a feasibility study for the application of the technology by JOGMEC, JX Nippon Oil & Gas Exploration Corp and PetroVietnam have indicated the potential to increase oil production as well as to reduce CO2 emissions, JOGMEC said in a statement.

A JOGMEC official declined to comment on how much financing it would provide for the test but said it will aim to collect and analyse data and find out the applicability to the field. – Reuters

Tags: Gas and Metals National Corp

Posted by VBN on Feb 21 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry