A working meeting between Gazprom´s CEO Alexey Miller and Nguyen Vu Truong Son, CEO of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow, Gazprom reported on 20 April, 2017.
The participants discussed the joint hydrocarbon production efforts in Vietnam.
It was noted that the cumulative output of the Moc Tinh and Hai Thach fields had totaled some 6.6 billion cubic meters since 2003 when Gazprom Group joined the project.
In 2016, the parties achieved their yearly goals for hydrocarbon production (2 billion cubic meters) ahead of schedule.
It was also stressed at the meeting that the companies had completed the 5-year program for drilling operations in December 2016, with a total of 16 development wells drilled at Vietnam's fields in compliance with the development plan.
Particular attention was paid to the progress of geological exploration at blocks Nos. 112 and 129–132 located on the shelf of Vietnam, as well as to the implementation of the development projects for the Nagumanovskoye oil, gas and condensate field and the Severo-Purovskoye gas and condensate field in the framework of Gazpromviet's activities.
The parties also addressed the prospects of their joint projects in the gas-fired power generation and NGV sectors.
The Moc Tinh and Hai Thach fields are located within licensed blocks Nos. 05–2 and 05–3 on the shelf of Vietnam.
The project operator is the Bien Dong petroleum operating company.
Gazprom is represented in the joint venture by Gazprom International, a specialized company for the implementation of oil and gas projects outside Russia.
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