Viet Nam steps up offshore E and D push
This paper reports on Viet Nam's offshore exploration and development. Hanoi tentatively awarded three of five remaining blocks of prime offshore South China Sea acreage to companies from Europe and the Far East, with a fourth such award reported imminent. And state owned Petrovietnam signed a production sharing contract (PSC) covering acreage in the same area to a combine of British Petroleum Co. plc and Norway's Den norske stats oljeselskap AS. Retention of one block in the area covered by Viet Nam's second bidding round fueled speculation Hanoi is holding it in reserve for U.S. companies to enter bidding, pending easing of U.S. trade sanctions against Viet Nam, Agence France France (AFP) reported. Second round blocks have been carved from a concession held by Vietsovpetro, a joint venture of Petrovietnam and the former Soviet Union. All are in the southern Con Sun basin of the South China Sea off the port of Vung Tao and on trend with Viet Nam's only producing oil fields.
- OSTI ID:
- 5052346
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:25; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS FIELDS
RESOURCE DEVELOPMENT
OIL FIELDS
VIET NAM
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PETROLEUM INDUSTRY
REVIEWS
THAILAND
ASIA
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GEOLOGIC DEPOSITS
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MINERAL RESOURCES
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020700* - Petroleum- Economics
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030600 - Natural Gas- Economic
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294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas