CONOCO IN VIETNAM

Conoco with its partners, Korean Natioinal Oil Corporation and PetroVietnam have signed an agreement to begin exploration offshore Vietnam on Block 16-2. Conoco will have a 40 percent interest in the Bach Ho field and serve as operator. Conoco also holds interests in Block 15-1 and Block 15-2 of the Cuu Long Basin. The first exploratory well on Block 15-1 is expected to be drilled in the second quarter of 2000.
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