Petrovietnam Signs Myanmar Farm-out Agreement

HANOI - Petrovietnam Exploration Production Corp., or PVEP, said Tuesday it has signed an agreement with France's Maurel & Prom S.A. to transfer part of its interest in the M2 Mottana Block offshore Myanmar to the French company. 

PVEP, a unit of state-owned Petrovietnam, said in a statement the two companies would cooperate to share risks and opportunities in oil and gas exploration and production. 

It didn't provide further details on the agreement. 

PVEP said it signed the production sharing contract for the M2 Mottana Block with Vietsovpetro, Eden Group and Myanmar Oil and Gas Enterprise in October 2008. The block, covering an area of 9,652 square kilometers, is 200 kilometers southwest of Rangoon.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours