Vietnam offshore gas project approaching FID

Offshore staff

HANOI, Vietnam – PTTEP President and CEO Somporn Vongvuthipornchai and other partners in the block B and 48/95 and block 52/97 project offshore southwest Vietnam have signed a letter of agreement concerning the wellhead gas price and transportation tariff.

This should allow relevant commercial agreements to be completed across the gas chain in the run-up to a final investment decision (FID) for the project.

Two years ago, Chevron sold its operating stakes in two production-sharing contracts covering the blocks which lie in shallow waters.

09/13/2017