Sign up | Log in



 21 Apr 2009

Related Stories

April 4, 2009
Petrovietnam to contract BP for crude supply 

April 3, 2009
Vietnam to raise fuel prices 

February 23, 2009
Vietnam opens $3 bln oil refinery

December 11, 2008
Vietnam slashes petrol prices by 8% 

November 20, 2008
Vietnam oil output to rise 25% to 65,000 bpd by year-end 

October 28, 2008
Russia, Vietnam sign deals on energy, natural resources

Vietnam’s state refiner signs Peru oil deal

Petrovietnam's exploration arm PVEP said it had signed a contract with Perupetro SA to explore oil and gas in Peru as part of a plan to increase oil reserves to ensure national energy security, reported Reuters.

The contract awarded to unlisted PVEP via a tender last September envisaged the Vietnamese firm taking on a 30-month exploration in Block 162 in the Latin American country's Ucayali basin, the Vietnamese firm said in a statement on Monday.

Should the exploration prove successful, oil exploitation would last 30 years while gas tapping would last 40 years, PVEP said of its second contract in Peru. It has been executing a contract signed in 2007 to tap oil and gas in Block Z-47 off Peru.

The contract signing last Thursday in Lima "was aimed at increasing oil and gas reserves as well as output to contribute to ensuring the national energy security," PVEP statement said.

Earlier on Monday, PVEP said its venture with Malaysia's Petronas had found the largest natural gas field off Vietnam's northern coast.









Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand