A new oild field discovered off-shore southeast Viet Nam
Ha Noi, Oct. 8 (VNA) -- A new oild field was discovered on Oct.6 at lot 15.1, off-shore southeast Viet Nam, 144 km east from Ba Ria-Vung Tau province.
The exploration contract has been conducted by PETROVIETNAM Supervision Company (PVSC) for Product Sharing Contracts (holding 50 percent of the contract), the United State's CONOCO Limited (23.25 percent), the Republic of Korea's KNDC (14.25 percent), and SK (9 percent) and France's GEOPETROL (3,5 percent).
The oil field, drilled at a depth of 3,015 metres, gives oil with quality equivalent to that in Bach Ho (White Tiger) oil field.
Partners to the contract are planning to make assessment and put the oil deposit into operation.
