PV Drilling to Supply Oil Rig to Japan Vietnam Petroleum

HANOI (Dow Jones), Nov. 27, 2009

PetroVietnam Drilling & Well Services Joint Stock Co., or PV Drilling, said Friday that it has signed a contract to provide an oil rig to Japan Vietnam Petroleum Co., or JVPC.

JVPC will use the VP Drilling 1 rig for oil production at the Rang Dong field off southeastern Vietnam from March, the company said in a statement.

PV Drilling didn't provide further details on the agreement.  

Copyright (c) 2009 Dow Jones & Company, Inc.

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