VRJ-Petroleum Makes Oil Discovery Offshore Vietnam
The flow was achieved at the Doi Moi oilfield after carrying out the testing of the well 03-9-DM-2X at the depth of 4,130 meters. Testing will continue to be carried out on the well.
The geological reserve of hydrocarbons at Block 09-3 is still preliminary, but is estimated to hold 50-70 million tons of oil.
Block 09-3 is located 150 km from Vung Tau, and is near the area where Joint Russian-Vietnamese Venture Vietsovpetro operates (JSC Zarubezhneft holds Russian shares). A number of oilfields had already been discovered there.
The success in exploring of the south shelf of Vietnam was achieved thanks to clear and coordinated actions of old partners – Russian and Vietnamese state companies JSC Zarubezhneft, GPGC PetroVietnam with participation of Idemitsu.