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Vietnam Block 11-2

Sector: Oil and Gas • Location: Vietnam

Source: Korea National Oil Corporation (KNOC)

Project
Closed

The Vietnam Block 11-2 project is operated by KNOC and involves exploration, development, and production activities in Block 11-2, located approximately 320 kilometers offshore Vietnam. KNOC holds a 39.75% working interest in the block, with the remaining interest held by PetroVietnam Exploration and Production Company (PVEP). The project began in May 1992 with the signing of a production sharing

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Project Information

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The project “Vietnam Block 11-2” is an infrastructure initiative in the Oil and Gas sector, located in Vietnam. Taiyo aggregates data on it from Korea National Oil Corporation (KNOC).

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Participants

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Description

Description

The Vietnam Block 11-2 project is operated by KNOC and involves exploration, development, and production activities in Block 11-2, located approximately 320 kilometers offshore Vietnam. KNOC holds a 39.75% working interest in the block, with the remaining interest held by PetroVietnam Exploration and Production Company (PVEP). The project began in May 1992 with the signing of a production sharing contract (PSC) and has since achieved significant milestones, including the discovery of gas reserves, the signing of a gas sales agreement with PetroVietnam, and the start of gas production in December 2006. The project is expected to continue producing gas until June 2023.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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