en.Wedoany.com Reported - Perenco's Vietnamese subsidiary, Perenco Vietnam (a subsidiary of the Anglo-French oil and gas company Perenco), has signed a Gas Sales and Purchase Agreement (GSPA) for an offshore project in Vietnam, which will supply over 600 billion cubic feet of natural gas over its full lifecycle.

The agreement targets the Su Tu Trang Phase 2B (White Tiger Phase 2B) project in Block 15-1 offshore Vietnam. The project is designed with a daily production capacity of up to 150 million standard cubic feet per day (scfd) of natural gas, including brownfield modifications, construction of a new Central Gas Processing Platform (CGF), and plans to drill up to 15 gas wells. First gas is expected in June 2026, with full plateau production achieved by June 2028. This initiative aims to support the growing energy demand in southeastern Vietnam and contribute to national energy security.

This GSPA is regarded as a significant milestone in the ongoing development of Block 15-1. It follows the renewal of a Production Sharing Contract (PSC) in 2025 between Perenco, Petrovietnam (Vietnam National Oil and Gas Group), and PVEP (Petrovietnam Exploration and Production Corporation), extending the strategic partnership by 25 years. Block 15-1 is recognized as Vietnam's second-largest oil and gas block, and Perenco also holds interests in the Nam Con Son pipeline.

This Southeast Asian gas agreement comes shortly after the company restarted production at the Davy field in the southern North Sea, which had been shut down for over five years.

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