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Rosneft sells assets in Vietnam
The ZN-Razvitie company, a structure of Zarubezhneft, announced a purchase from a single supplier to provide legal services for the purchase of Rosneft assets in Vietnam. The company plans to withdraw from all projects.
According to INTERFAX.RU, we are talking about Rosneft Vietnam BV and Rosneft Vietnam Pipelines BV. According to the draft contract, services must be provided by the end of June.
The joint project for geological exploration, gas and condensate production is being implemented on the basis of a production sharing agreement. In the area where the companies operate, there are three gas condensate fields at a sea depth of about 190 meters: Lan Tai, Lan Do and PLD. Initial gas reserves are estimated at 69 billion cubic meters. Actual production last year amounted to 3,2 billion cubic meters of gas and 0,03 million tons of condensate.