Japanese Firms Confirm Gas, Condensate in Vietnam Blocks

TOKYO - Three Japanese energy companies jointly said Wednesday they have confirmed natural gas and condensate reserves in exploration blocks offshore in Vietnam. 

Idemitsu Kosan Co., JX Holdings Inc. and Inpex Corp. have drilled three wells in two blocks located 300 kilometers southeast of Ho Chi Minh, they said in a statement. 

The three companies will further explore the blocks to gauge the size of the reserves and conduct test drilling on other prospective structures in the blocks, the statement said. 

Idemitsu has a 35% share in the blocks as the operator, while JX has another 35%. Inpex holds 30%.

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

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