|
Ho
Chi Minh City (The Vietnam
Journal)
 Vietnam-Russia
firm discovers gas off
Vietnamese coast
August 31, 2007
~
Friday
Vietgazprom, a joint
venture between
PetroVietnam and Russian
gas giant Gazprom, has
discovered natural gas
off the Vietnamese
coast.
The discovery at block
112 in Vinh Bac Bo (the
Gulf of Tonkin) was
confirmed following a
geological survey and
test drilling of the
first well of the Bao
Vang field.
It is estimated that
400,000 cubic meters of
gas can be extracted per
day. Gas condensate
reserves have also been
found.
Experts plan to make a
comprehensive estimation
of hydrocarbon reserves
soon and outline
proposals for further
geological surveys of
the field.
Gazprom and Petrovietnam
signed a contract in
2000 for joint
exploration and
development of block 112
off Vietnam’s central
coast. The contract also
envisions hydrocarbons
marketing.
In November 2006, the
two companies signed a
cooperation agreement. |
