Vietsovpetro discovers oil near Bach Ho field

VNA 
Updated : Sun, July 3, 2011,9:30 AM (GMT+0700)
Vietsovpetro has found oil in Mioxen layer in the northeastern part of Bach Ho oilfield offshore southern Vietnam, said its Geological Deputy General Director Tran Hoi.
The discovery is of special significance to Vietsovpetro, a joint venture between the Vietnam National Oil and Gas Group (PetroVietnam) and Russia's JSC Zarubezhneft, on its 30th founding anniversary, said Hoi.
The oil flow of around 4,560 barrels a day was discovered at the depth of 3,377-3,396m in lot 09-1 which is located separatedly from Bach Ho oil field which is under production.
At present, Vietsovpetro is making an assessment for the new oil reserve and an exploitation scheme, he added.
Posted by Unknown at 1:53 AM
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