In case oil is found, the two companies are expected to sign oil production contracts.
The inked agreement is an important foundation for the two sides to step up bilateral cooperation in energy, particularly in oil and gas, and other related services, PetroVietnam believes.
PetroVietnam has pursued a strategy to explore investment opportunities in America, where it already signed a number of oil and gas contracts with its partners from Cuba, Venezuela and Peru.
Author: Ksenia Kochneva
