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Petrovietnam Acquires Two Oil and Gas Exploration And Exploitation Companies And A Pipeline Company Owned By Chevron In Vietnam Petrovietnam Acquires Two Oil and Gas Exploration And Exploitation Companies And A Pipeline Company Owned By Chevron In Vietnam

Petrovietnam Acquires Two Oil and Gas Exploration And Exploitation Companies And A Pipeline Company Owned By Chevron In Vietnam

June 17, 2015 - Vietnam Oil and Gas Group (Petrovietnam) has acquired 100% of the shares of the Chevron companies with assets in Vietnam and the operatorship that are part of the Block B, Block 48&95 and Block 52/97 projects, off Vietnam’s continental shelf. These companies include Chevron Vietnam (Block B) Ltd, holding a 42.38 % operating interest in the PSC covering Blocks B and 48/95, Chevron Vietnam (Block 52) Ltd, holding a 43.40% operating interest in the PSC covering Block 52/97 and also the operator under the two PSCs, and Chevron Southwest Vietnam Pipeline Co. Ltd, holding a 28.7% working interest in a pipeline project that would deliver natural gas from offshore to gas users in Vietnam.

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Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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