Lukoil Enters Offshore Project in Vietnam



MOSCOW (Dow Jones Newswires), Apr. 29, 2011

Lukoil has acquired 50% of the Vietnam offshore Hanoi Trough-02 oil project from privately-owned Quad Energy S.A., which still keep the other half of the project.

The production share agreement project offshore Vietnam at the South China Sea will be operated by Lukoil Overseas, a Lukoil subsidiary.

The field's resource is estimated at 180 millions metric tons of oil equivalent, Lukoil said.

Copyright (c) 2011 Dow Jones & Company, Inc.


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