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BP aims to raise Vietnam Nam Con Son gas output by 30% in 2005

03 January 2005
Platts Commodity News

Singapore (Platts)-2Jan2005/931 pm EST/231 GMT BP, operator of Vietnam's
offshore Nam Con Son natural gas project, plans to boost its annual supply in
2005 by 30% to 3.2-bil cu m (112.9 bcf), the company said last Friday. The
project brought 2.5-bil cu m of gas ashore in 2004, 90% above plan, said John
Ming, director general of BP Exploration Operating Co. BP supplies natural gas
from the Lan Tay-Lan Do field to gas-fired power plants in the Ba Ria-Vung Tau
province in southern Vietnam. The company said it also plans to expand its gas
terminal and the compression capacity of the Lan Tay platform to increase
production capacity, but did not give a timeframe. Among the milestones in 2004,
Nam Con Son recorded 1-bil cu m of gas on Feb 17, some 14 months after start-up,
and hit the 3-bil cu m mark on Nov 23. On Apr 3, the 30% BP-owned Phu My 3 power
plant was put into commercial operation, raising Vietnam's power generation
capacity by almost 10%.

BP also operates two lubricants joint ventures in Vietnam-BP Petco with
Petrolimex, and Castrol Vietnam with Saigon Petro.