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Companies / Vietnam

Major Vietnam Offshore Oil Discovery

September 2006 | Project News

A consortium of Russian state oil company Zarubezhneft (50%), Vietnam's Petrovietnam (35%) and Japanese refiner Idemitsu Kosan (15%) has made a major oil discovery offshore Vietnam. After four years of exploration the partners have struck oil from an offshore well in Block 09-3 and they now estimate the block's potential reserves at 370-515mn barrels.

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