Vietnam ///

Santos completes sale of non-core Asian assets

Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos has advised that completion of the sale of the producing assets has occurred.

Gazprom and PetroVietnam hold talks on joint ventures, future growth

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, chairman of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow.

Rosneft starts drilling offshore production wells in Vietnam

Rosneft Vietnam B.V. has started drillling of LD-3P (Lan Do field) production well as part of Block 06.1 development.

Oil and gas in the capitals

Jeff Moore, Contributing Editor

On April 3, Vietnamese state firm, PetroVietnam, issued the following and unusually blunt statement on its website: “The East Sea is forecast to continue to have uncertainty this year...affecting the company’s efforts to attract foreign investors to invest in its open offshore fields.”

Santos announces sale of non-core Asian assets

Santos today announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for $221 million.

Top Vietnam oil company says sea tensions hurt investment

Vietnam’s state-owned oil company said South China Sea tensions will hurt oil and gas exploration and efforts to attract foreign investment to offshore fields.

MAN Diesel & Turbo to supply compressor technology for offshore gas production in Vietnam

PTSC Mechanical & Construction Ltd. has commissioned MAN Diesel & Turbo to supply a total of two compressor trains for the Sao Vang and Dai Nguyet gas fields’ development project in Vietnam.

Oil & Gas in the Capitals

Jeff Moore, Contributing Editor

Big E&P projects advance in Vietnam and Indonesia; Chinese intimidation continues

SOCO announces PSC for offshore blocks 125 and 126 in Vietnam

SOCO has announced that a Production Sharing Agreement (PSC) for Blocks 125 & 126, offshore central Vietnam, between PetroVietnam, SOVICO Holdings and SOCO was formally signed on Oct. 27, 2017, awarding SOCO a 70% operated interest over the two blocks.

eDrilling, Petrovietnam University partner to drive digitalization in Vietnam

eDrilling, a provider of drilling and well performance solutions, and Petrovietnam University, the special public University with the mission to carry out high-quality research and training for the development of human resources of Vietnam National Oil and Gas Group (Petrovietnam), has signed a Memorandum of Understanding (MOU) for a long-term engagement to drive the digitalization of drilling operations in Vietnam.

Rosneft celebrates 15 years of safe offshore operations in Vietnam

Rosneft celebrates 15 years of safe offshore operations in Vietnam Rosneft Vietnam B.V., a Rosneft subsidiary operating Block 06.1 on Vietnam shelf celebrates 15 years of safe offshore operations.

Petronas to hand over Blocks 01, 02 in Vietnam's Cuu Long basin

Petronas' subsidiary PC Vietnam Limited (PCVL) will hand over Blocks 01 and 02, located at the Cuu Long basin, offshore Vietnam, to the host authority once the Production Sharing Contract (PSC) for the blocks expires on Sept. 9, 2017.

Vietnam plans oil reserves equivalent of 90 days of imports by 2020

Vietnam's prime minister has approved a plan for the country's total crude oil and oil product stocks to be at least 90 days' worth of net imports by 2020.

Over 6 Bcm of hydrocarbons reportedly produced from Vietnam's Moc Tinh and Hai Thach fields since 2003

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Nguyen Vu Truong Son, CEO and member of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow on April 19th.

PetroVietnam Oil to offer 'most attractive' IPO of 2017

PetroVietnam Oil Corp., Vietnam’s sole crude exporter, said it’s in talks to sell as much as 40% to strategic investors and expects to narrow down to a list of about five potential bidders for the government this month.

SOCO reports approval of Te Giac Trang field development plan in Vietnam

SOCO, an international oil and gas E&P company, announces that the Hoang Long Joint Operating Company has received from the Government of the Socialist Republic of Vietnam the formal approval of the updated Full Field Development Plan (FFDP) for the Te Giac Trang (TGT) field, offshore southern Vietnam.

Aker Solutions wins Vietnam contract from Idemitsu Oil and Gas

Aker Solutions has secured a contract from Idemitsu Oil and Gas Co., Ltd. to provide engineering services for the development of oil and gas resources in the Nam Con Son basin, offshore Vietnam.

Rosneft commences exploratory drilling offshore Vietnam

Rosneft Vietnam B.V., a company of Rosneft Group, has started drilling exploration well PLDD-1X at Block 06.1 located offshore Vietnam.

Rosneft kicks off exploratory drilling offshore Vietnam

Rosneft Vietnam, a Rosneft subsidiary, has started drilling exploration well PLDD-1X at Block 06.1 offshore Vietnam. This is the first time Rosneft has acted as operator of a drilling project in International waters.

Rosneft and Japan Drilling Co. to explore offshore Vietnam

Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (JDC) signed an agreement on provision and operation of the marine drilling rig HAKURYU-5, for the purposes of drilling exploration wells within the framework of Rosneft’s projects in Vietnam.