PETRONAS, Malaysia’s national oil corporation, and its Vietnamese counterpart PETROVIETNAM, today signed a Petroleum Contract to jointly explore for and develop hydrocarbon resources in Blocks 01/97 and 02/97 offshore Vietnam. Under the contract, PETRONAS and PETROVIETNAM will form a joint venture company to operate the blocks.

PETROVIETNAM Exploration and Production Company (PVEP) and PETRONAS Carigali Overseas Sdn Bhd (PCOSB) will participate in the joint venture company, called LAM SON Joint Operating Company, on a 50:50 basis. PVEP is a wholly owned subsidiary of PETROVIETNAM while PCOSB is the overseas exploration and production arm of PETRONAS. Continue Reading

PETRONAS, Malaysia’s national oil corporation, and its Vietnamese counterpart PETROVIETNAM, today signed a Petroleum Contract to jointly explore for and develop hydrocarbon resources in Blocks 01/97 and 02/97 offshore Vietnam. Under the contract, PETRONAS and PETROVIETNAM will form a joint venture company to operate the blocks.PETROVIETNAM Exploration and Production Company (PVEP) and PETRONAS Carigali Overseas Sdn Bhd (PCOSB) will participate in the joint venture company, called LAM SON Joint Operating Company, on a 50:50 basis. PVEP is a wholly owned subsidiary of PETROVIETNAM while PCOSB is the overseas exploration and production arm of PETRONAS.

Blocks 01/97 and 02/97 are located in the prolific Con Son Basin about 150 kilometres offshore Vung Tau, adjacent to the existing Blocks 01 and 02 operated by PETRONAS. Blocks 01/97 and 02/97 cover an area of approximately 11,800 square kilometers with oil and gas potential. Continue Reading

Ba Ria – Vung Tau, Vietnam, 6 January 2003: The polyvinyl chloride (PVC) plant of Phu My Plastics & Chemicals Company Ltd (PMPC), a joint venture between PETRONAS, PETROVIETNAM and TRAMATSUCO, was officially opened today by the Chairman of Ba Ria – Vung Tau People’s Committee, His Excellency Nguyen Tuan Minh.

The official opening ceremony of the plant was also attended by several Government Ministers of Vietnam, President & Chief Executive of PETRONAS Tan Sri Dato’ Mohd Hassan Marican, President and CEO of PETROVIETNAM Mr Nguyen Xuan Nham, General Director of TRAMATSUCO Mr Le Hong Phuoc and other senior officials of PMPC’s joint-venture partners.
The PVC plant, with a production capacity of 100,000 metric tons per year (MPTA), is strategically located within the petrochemical area of Ba Ria – Vung Tau Province about 85 kilometres southeast of Ho Chi Minh City. It is producing PVC resins of various grades, which are the necessary raw materials for the manufacture of a variety of plastic products. The total capital investment is US$70 million. Continue Reading

Ba Ria – Vung Tau, Vietnam, 6 January 2003: The polyvinyl chloride (PVC) plant of Phu My Plastics & Chemicals Company Ltd (PMPC), a joint venture between PETRONAS, PETROVIETNAM and TRAMATSUCO, was officially opened today by the Chairman of Ba Ria – Vung Tau People’s Committee, His Excellency Nguyen Tuan Minh.

The official opening ceremony of the plant was also attended by several Government Ministers of Vietnam, President & Chief Executive of PETRONAS Tan Sri Dato’ Mohd Hassan Marican, President and CEO of PETROVIETNAM Mr Nguyen Xuan Nham, General Director of TRAMATSUCO Mr Le Hong Phuoc and other senior officials of PMPC’s joint-venture partners.
The PVC plant, with a production capacity of 100,000 metric tons per year (MPTA), is strategically located within the petrochemical area of Ba Ria – Vung Tau Province about 85 kilometres southeast of Ho Chi Minh City. It is producing PVC resins of various grades, which are the necessary raw materials for the manufacture of a variety of plastic products. The total capital investment is US$70 million. Continue Reading