Vietnam Makes Oil Discovery

About 37 MMbbl of probable crude oil reserves is believed to rest under the Phuong Dong oil field on block 15.2 off southern Vietnam, according to a government report.

The report, which is available at, also reports that appraisals showed condensate reserves of 5.4 MMbbl and 3.16 bcm.

Further tests are underway to determine the exact oil reserves.

JVPC operates the field with 46.5% interest along with partners ConocoPhillips 36% and Petrovietnam (PVEP) 17.5%.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit