Lukoil Enters Offshore Project in Vietnam
Friday, April 29, 2011
Dow Jones Newswires
by Alexander Kolyandr
Lukoil has acquired 50% of the Vietnam offshore Hanoi Trough-02 oil project from privately-owned Quad Energy S.A., which still keep the other half of the project.
The production share agreement project offshore Vietnam at the South China Sea will be operated by Lukoil Overseas, a Lukoil subsidiary.
The field's resource is estimated at 180 millions metric tons of oil equivalent, Lukoil said.
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