Gulf Oil and Gas accountACCOUNT

LUKOIL Seeks to Explore Oil/Gas With Petrovietnam

Source: Reuters 11/18/2011, Location: Asia

Russia's No.2 crude oil producer LUKOIL said it would partner with Vietnam's Petrovietnam in exploring oil and gas at home and abroad, the fourth Russian firm to invest in the Southeast Asian nation's oil and gas industry.

The Russian firm signed a memorandum of understanding with Vietnam's state oil and gas group in Moscow on Thursday, according to a Russian-language statement sent to Reuters on Friday.

"The pact noted that LUKOIL and Petrovietnam are interested in cooperating in exploration, development and production of hydrocarbons in Vietnam, Russia and third countries," the statement said.

The Russian group and Petrovietnam would share information on potential exploration blocks and exchange results, the statement said.

LUKOIL has said it was seeking to bid for more offshore blocks in Vietnam after acquiring 50 percent of the Hanoi Trough 02 block offshore the northern city of Haiphong from Quad Energy in April.

Three Russian firms are already operating in Vietnam: Gazprom, Zarubezhneft and LUKOIL, while TNK-BP was in the process of taking over assets newly acquired from its shareholder BP Plc.

TNK-BP has also said its subsidiary, TNK Vietnam, had been licensed to operate offshore gas block 06.1, part of the Nam Con Son Integrated Gas to Power Project, and would officially open its office in the country next week.

Oil & Gas Companies News in Russia >>

Azerbaijan >>  4/16/2019 - Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company) has been awarded its first contract, which is with BP Exploration (Caspi...
Russia >>  4/10/2019 - Zvezda Shipbuilding Complex and Sovkomflot PJSC have signed a contract to make a pilot gas carrier vessel for the Arctic LNG 2 project. The contract s...

India >>  4/8/2019 - Axens’ Technologies for HPCL Rajasthan Refinery in HPCL Rajasthan Refinery Limited (HRRL), a joint venture company between HPCL and the Government of ...
China >>  4/5/2019 - Woodside has signed a Heads of Agreement (HOA) with ENN Group for the sale of 1.0 million tonnes of LNG per annum from Woodside’s portfolio for a per...

Russia >>  4/2/2019 - During the 19th International Conference & Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai, Novatek Gas & Power Asia, a trading subsidiary o...
Indonesia >>  3/25/2019 - TechnipFMC has been awarded a large(1) integrated Engineering, Procurement, Construction, Transportation and Installation (iEPCI) contract by Eni for ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.