Companies / Vietnam
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Major Vietnam Offshore Oil Discovery
September 2006 | Project NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.