Premier Awards New Production Sharing Contract in Vietnam

Source: www.gulfoilandgas.com 2/28/2008, Location: Asia

Premier announced the award of a 50% operating interest in Block 104-109/05 on the western flank of the Song Hong Basin offshore of Northern Vietnam. A joint study between Premier and Petrovietnam has identified numerous leads on Block 104-109/05 in water depths ranging from 20 metres to 60 metres. The PSC carries a firm work commitment of seismic acquisition plus one exploration well. Mitsui Oil Exploration Company (MOECO) has a 50% interest in the Block 104-109/05 Joint Venture. Under a farm in agreement with Premier, MOECO will carry Premier on the first exploration well drilled on Block 104-109/05.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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