PVN and ExxonMobil discuss plans to promote the Blue Whale gas field project

The delegation of the Vietnam Oil and Gas Group (PVN) led by Mr. Le Manh Hung – General Director has just had a working session with ExxonMobil Corporation (USA) to promote and help bring the Blue Whale project to the next stage. declaration to progress final investment decision (FID) and sign a new gas trading framework agreement (GSA HOA) after the old framework agreement expires.

At the meeting with ExxonMobil, Mr. Le Manh Hung discussed with Mr. John Whelan – Senior Vice President of this Group about important contents to help bring the Blue Whale mine project to progress. final investment decision (FID) between the end of 2023 and the beginning of 2024, in which the signing of a new gas trading framework agreement (GSA HOA) after the expiration of the old framework agreement is an important content.

Regarding ExxonMobil, Mr. John Whelan said: The Blue Whale gas project plays an important role for PVN and for ExxonMobil as well.

Accordingly, the two sides exchanged solutions for project implementation in the context of the volatile energy market; coordinate in removing and handling agreements and procedures (commercial agreements, negotiating and signing GSA HOA, deploying land lease, upgrading Ky Ha Port, etc…).

Previously, at the beginning of September 2021, on the occasion of his visit to the European Parliament and the Kingdom of Belgium, National Assembly Chairman Vuong Dinh Hue received Mr. Perer Lavoy – Senior Director of the Asia-Pacific region Duong of Exxon Mobil Group in Belgium. At the meeting with Mr. Perer Lavoy, the Chairman of the National Assembly suggested that Exxon and PVN should continue to closely coordinate to maintain the schedule, bringing the first gas stream to shore in 2024.

The National Assembly Chairman highly appreciated the Ca Voi Xanh gas field project in offshore natural gas production in Central Vietnam, contributing to ensuring national energy security – an important condition for Vietnam to develop. and operate gas power plants in the central region. Therefore, Exxon Mobil and PVN need to continue to work closely to maintain the schedule, bringing the first gas stream to shore by 2024.

“Vietnam’s policy is to increase wind energy, increase gas power, and gradually reduce coal power, so it is recommended that Exxon Mobil soon restart its plan to develop Ca Voi Xanh gas field as soon as possible (after the epidemic). sick)“- emphasized the National Assembly Chairman.

The Blue Whale gas-electricity project chain has been many years behind the original plan. Faced with this fact, recently, the Ministry of Industry and Trade has requested relevant units to agree on the technical parameters of HOA GSA (the amount of consumption, the capacity of each factory, Pmax, Pmin, Ptb, day and night fluctuations, gas supply time to downstream power plants…) ensure technical feasibility, power plants must be able to consume, as well as ensure the overall efficiency of the entire project chain electricity – gas Blue Whale.

In particular, the Ministry of Industry and Trade has requested Exxon Mobil to set up an overall implementation schedule of the Blue Whale gas project with the following key milestones: Finalizing submission of FDP, final investment decision (FID), gas flow plan first as soon as possible. At the same time, he asked the US partner to coordinate with PVN to actively work with the People’s Committees of the provinces: Quang Nam, Quang Ngai, as well as the ministries: Natural Resources and Environment, and Transport to solve leasing problems. land, pipelines go through Chu Lai airport, condensate exports through Ky Ha port…