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The Netherlands

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F: +31.70.388 59 64

E: info@vietnamconsult.nl

W: http://vietnamconsult.nl/

VCT Vietnam

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Cau Giay dist, Hanoi

T: +84.24.3.553 54 86

F: +84.24.3.553 94 24

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Ca Voi Xanh project to be finished in 2023

Ca Voi Xanh (Blue Whale) project in the blocks of 117, 118, 119 and 120 offshore Vietnam is being hastened to be put into operation in 2023 as planned. The project is under Exxon Mobil Group (United States) with the investment capital of 600 million USD along with its partners of Quang Nam province, Vietnam National Petroleum Group, General Department of Energy under Ministry of Industry and Trade of Vietnam.

cavoixanh

According to Head of the Management Board of Chu Lai Open Economic Zone (Quang Nam province) Do Xuan Dien, until now, the project has been deployed beyond its schedule. The geological drilling and seven package deals related to environment impacts, ground clearance are being prepared to proceed. Quang Nam province is responsible and ready for ground, transport infrastructure, and logistics.

Exxon Mobil carried out a sociological investigation and asked the local authorities to solve how the local residents earn money after ground clearance. Meanwhile, it is estimated that the governmental security agreement on buying gas will be announced by the General Department of Energy at the sideline of the meeting of Asia-Pacific Economic Cooporation in November this year in Quang Nam province with the witness of two Governments of Vietnam and the United States. As schedule, the first flow of gas to the mainland will happen in 2023. Accordingly, there will be around 9-11 billion cubic meters of natural gas per year. The prject will create employment opportunities for 3,000-4,000 people and approximately one million USD for the local budget. At the same time, the products after gas will be applied in light industrial branches, support industries, services. Therefore, gas pipe systems with around one billion m3 will be set up from Ca Voi Xanh to the industrial parks in Quang Nam such as Northern Chu Lai, Tam Hiep, Tam Anh…. This source of energy is cheaper than electricity; and it is one of the reasons to attract investors to Quang Nam province.

Source: QuangNam