27 April 2024
Gazprom signs Vietnam joint agreement
Publication date: 11 April 2012
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Gazprom announced last week the signing of a production sharing agreement (PSA) with PetroVietnam to jointly develop offshore blocks 05.2 and 05.3 located in the South China Sea. According to the PSA, Gazprom will hold a 49% stake in the blocks. The aggregate reserves of the two gas and condensate fields are 55.6 Bcm of gas and 25.1 mt of gas condensate.