Vietnam's first oil refinery, Dung Quat, is scheduled to receive new crude oil
feed from Nam Rong-Doi Moi field this month, diversifying from Bach Ho oil,
state oil group Petrovietnam said.
total of 100,000 barrels of Nam Rong-Doi Moi oil from block 09-3 lying adjacent
to the Bach Ho field in block 09-1 would be sent to the 140,000-bpd Dung Quat,
which has been designed to process Bach Ho oil, the group said in a statement.
State oil marketer PV Oil closed a tender last Friday to sell 600,000 to 900,000
barrels of April-loading Bach Ho crude, traders said, in an irregular export
Rong-Doi Moi field, founded in 2004, started commercial output on Jan. 29 and
now provides more than 700 tons, or around 5,100 barrels, a day from four wells,
Petrovienam said, adding that output was expected to rise.
Japanese refiner Idemitsu Kosan Co said last month Nam Rong-Doi Moi was expected
to produce 20,000 bpd.
Idemitsu's subsidiary, Idemitsu Cuu Long Petroleum Co, has a 15 percent stake in
the venture that operates the field, along with Russia's Zarubezhneft with a 50
percent stake and a Petrovietnam subsidiary that has 35 percent.