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PETRONAS AWARDED BLOCK 46/02 IN VIETNAM
PETRONAS, Malaysia’s national oil corporation today signed a Petroleum Contract with PetroVietnam and Talisman to jointly explore for and develop hydrocarbon resources in Block 46/02 offshore Vietnam. Under the contract, the three companies will form a joint venture company to operate the block.
The new joint venture outfit, Truong Son Joint Operating Company, will see the participation of PetroVietnam Exploration & Production Company (40 percent), Talisman Vietnam Ltd (30 percent) and PETRONAS Carigali Overseas Sdn Bhd (30 percent). PetroVietnam Exploration & Production Company (PVEP) is a wholly-owned subsidiary of PetroVietnam, Talisman Vietnam Ltd (TVL) is a wholly-owned subsidiary of Talisman while PETRONAS Carigali Overseas Sdn Bhd (PCOSB) is the overseas exploration and production arm of PETRONAS. (more…)