iwishwegetrich
04-18-2007, 09:41 AM
:happy64: New oilfield believed to hold 5 million tonnes of oil
http://www.nhandan.com.vn/english/images/spacer.gif
T he Japan-Vietnam Petroleum Co. Ltd. (JVPC) has reported that a new oilfield off Vietnam’s southern coast may hold a reserve of around 4.98 million tonnes of crude oil (37 million barrels).
The JVPC’s appraisals at the Phuong Dong oilfield in Block 15.2, which provided a probability of 50% also showed condensate reserves 0.73 million tonnes of condensate and 3.16 billion cu.m of natural gas.
Deputy Prime Minister Nguyen Sinh Hung, on behalf of the PM, has ratified the appraisals.
He also ordered the Vietnam Oil and Gas Group (PetroVietnam) and the JVPC, which is 46.5% owned by Nippon Oil Exploration Limited of Japan, to conduct further tests at the field to determine the exact oil potential. (VNA)
http://www.nhandan.com.vn/english/images/spacer.gif
T he Japan-Vietnam Petroleum Co. Ltd. (JVPC) has reported that a new oilfield off Vietnam’s southern coast may hold a reserve of around 4.98 million tonnes of crude oil (37 million barrels).
The JVPC’s appraisals at the Phuong Dong oilfield in Block 15.2, which provided a probability of 50% also showed condensate reserves 0.73 million tonnes of condensate and 3.16 billion cu.m of natural gas.
Deputy Prime Minister Nguyen Sinh Hung, on behalf of the PM, has ratified the appraisals.
He also ordered the Vietnam Oil and Gas Group (PetroVietnam) and the JVPC, which is 46.5% owned by Nippon Oil Exploration Limited of Japan, to conduct further tests at the field to determine the exact oil potential. (VNA)