PETRONAS, together with joint venture partner Chevron, has been awarded a deepwater exploration block offshore Vietnam, the company’s first deepwater acreage in the country.

The Production Sharing Contract (PSC) for Block 122 was signed in Hanoi, Vietnam, on Friday, 28 April, between PetroVietnam, PETRONAS Carigali Overseas Sdn Bhd and Chevron Vietnam Phu Khanh (Block 122) Ltd. Mr. Mohamad Johari Dasri, Managing Director & CEO of PETRONAS Carigali Sdn Bhd, represented PETRONAS Carigali Overseas, while Mr. Steve Green, the Managing Director & CEO of Chevron Asia South Ltd, signed on behalf of Chevron Vietnam. PetroVietnam was represented by its President & CEO Dr. Tran Ngoc Canh. Continue Reading

PETRONAS, together with joint venture partner Chevron, has been awarded a deepwater exploration block offshore Vietnam, the company’s first deepwater acreage in the country.The Production Sharing Contract (PSC) for Block 122 was signed in Hanoi, Vietnam, on Friday, 28 April, between PetroVietnam, PETRONAS Carigali Overseas Sdn Bhd and Chevron Vietnam Phu Khanh (Block 122) Ltd. Mr. Mohamad Johari Dasri, Managing Director & CEO of PETRONAS Carigali Sdn Bhd, represented PETRONAS Carigali Overseas, while Mr. Steve Green, the Managing Director & CEO of Chevron Asia South Ltd, signed on behalf of Chevron Vietnam. PetroVietnam was represented by its President & CEO Dr. Tran Ngoc Canh.

Block 122 covers an area of about 6,981 square km in Vietnam’s Phu Khanh Basin, and is located in water depths of between 50 and 2,500 metres. Continue Reading