Perenco Vietnam and its companions in Block 15-1 have signed a brand new Manufacturing Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the start of a brand new 25-year chapter for the group within the nation.
This key milestone permits Perenco to approve the Closing Funding Resolution for the flagship Part 2B growth undertaking of the Su Tu Trang gasoline and condensate discipline, which goals to ship 125 million customary cubic toes of gasoline per day over a interval of seven years to assist Vietnam’s quickly rising home market.
“We’re deeply grateful to the Socialist Republic of Vietnam, Petrovietnam, and PVEP for his or her renewed belief, 13 years after the Group’s entry into the nation,” Perenco Vietnam mentioned in a information launch. “This recognition displays Perenco’s confirmed experience within the redevelopment and optimization of mature fields and its function as associate of alternative for the states we function in.”
About Perenco Vietnam
Perenco has been working in Vietnam since 2012 and performs a serious function in securing the nation’s provide of oil and pure gasoline required for its ongoing growth. Perenco Vietnam is instrumental in Block 15-1, the second largest oil and gasoline block in Vietnam and holds a participation within the Nam Con Son pipeline.
