Posted on 08 January 2002 by OffshoreMan
PETRONAS today signed a Petroleum Contract with PetroVietnam and Pertamina to jointly explore for and develop hydrocarbon resources in Blocks 10 and 11.1 offshore Vietnam. Under the contract, the three national oil companies will form a joint venture company to operate the blocks, marking the first of such alliance within the ambit of the Tripartite Cooperation Arrangement between the three counterparts.
The new joint outfit, Con Son Joint Operating Company, will see the participation of PetroVietnam Investment & Development Company (40 per cent), PETRONAS Carigali Overseas Sdn Bhd (30 per cent) and Pertamina (30 per cent). PetroVietnam Investment & Development Company (PIDC) is a wholly-owned subsidiary of PetroVietnam, while PETRONAS Carigali Overseas (PCOSB) is an overseas exploration and production arm of PETRONAS. Continue Reading
Posted on 08 January 2002 by OffshoreMan
PETRONAS today signed a Petroleum Contract with PetroVietnam and Pertamina to jointly explore for and develop hydrocarbon resources in Blocks 10 and 11.1 offshore Vietnam. Under the contract, the three national oil companies will form a joint venture company to operate the blocks, marking the first of such alliance within the ambit of the Tripartite Cooperation Arrangement between the three counterparts.
The new joint outfit, Con Son Joint Operating Company, will see the participation of PetroVietnam Investment & Development Company (40 per cent), PETRONAS Carigali Overseas Sdn Bhd (30 per cent) and Pertamina (30 per cent). PetroVietnam Investment & Development Company (PIDC) is a wholly-owned subsidiary of PetroVietnam, while PETRONAS Carigali Overseas (PCOSB) is an overseas exploration and production arm of PETRONAS. Continue Reading
