Date: 6 months ago   Category: Energy

Zarubezhneft has settled terms of participation in the new project on the shelf of Vietnam — Rambler News Service


Zarubezhneft and Petrovietnam have signed the agreement on the main conditions of entry of the Russian company into the project on development of the Block 09-2/09 on the shelf of Vietnam, it is said in the statement of Zarubezhneft. The block will be developed on terms of agreement about the section of production (Production Sharing Agreement). "The head of Zarubezhneft Sergey Kudryashov has participated in a meeting of the secretary general of the Communist Party of Vietnam Nguyen Foo Chongga and the Russian President Vladimir Putin. Within the held meeting the agreement on the main conditions of entry into the Production Sharing Agreement on the Block 09-2/09 on the shelf of Vietnam has been signed", - it is said in the statement. As a result of a share of participants in the project will be distributed as follows: JV Vietsovpetro - 40% (operator), Zarubezhneft – 30% and Petrovietnam – 30%. Also Zarubezhneft has obtained the investment license according to Blok 09-3 shelves of Vietnam. As a result the share of Zarubezhneft in the project and in authorized capital of the VRJ company will make 100%. Zarubezhneft and Petrovietnam are participants of two joint ventures – Vietsovpetro and Rusvyetpetro. Vietsovpetro has been formed in 1981. The enterprise has received the first oil in 1986. Opening of a highly productive deposit of oil in granites of the crystal base of the White Tiger field became outstanding success of the Russian oil industry workers. Rusvyetpetro has been formed in 2008 according to the joint declaration signed in 2006 by Russian Presidents and Vietnam. The company is engaged in development of four blocks of the Central Horeyversky raising in the Nenets Autonomous Okrug which include 13 fields. Signing of the memorandum of understanding between Zarubezhneft and the PVEP company concerning development of the Block 09-2/09 on the shelf of Vietnam has taken place in the summer of 2017 within the visit of the president of Vietnam Chang Dai of Kuanga to Russia.

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