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Rosneft Awarded Labour Order of the Socialist Republic of Vietnam

Source: www.gulfoilandgas.com 11/25/2015, Location: Asia

Rosneft Vietnam B.V., a company of Rosneft Group, received a governmental award of the Socialist Republic of Vietnam - Labour Order Second Class - for the contribution to the Vietnamese petroleum industry, and strengthening of the friendship and cooperation between Vietnam and Russia.

On June 22, Rosneft Vietnam B.V. achieved an important milestone of its operational activity – 13 years of safe offshore operations. This is one of the best results in the industry.

May 1st, was marked by another distinguished accomplishment: Block 06.1 (Nam Kon Son basin) reached 300 million barrels of oil equivalent since the start of development. Rosneft Vietnam B.V. is the operator of Block 06.1.

In 2014 Rosneft production volumes at the Vietnamese shelf amounted to 38% of the overall gas production ofthe country. Around 14% of electric power produced in Vietnam in 2014 was generated from the Company’ gas. Rosneft is the leader of gas production in Vietnam and keeps the status of a reliable hydrocarbons supplier to the country’s market.

The Company continues active development of its projects in Vietnam. Thus, in the beginning of 2016 exploration drilling is planned at Phong Lan Dai Deep field of Block 06.1 and Block 05.3/11 in early 2016.

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