HANOI (Reuters) – Japan’s ENEOS Xplora has signed a new production-sharing contract for the Block 15-2 offshore southern Vietnam, the production and exploration arm of state oil firm PetroVietnam said on Tuesday.
The 25-year contract was signed in Hanoi on Monday between ENEOS Xplora’s Vietnam unit, Japan Vietnam Petroleum Company Limited (JVPC), and PetroVietnam’s PVEP unit, the company said in a statement.
JVPC holds a 45% stake in the block, which covers 415.9 square kilometres and houses the Rang Dong and Phuong Dong oil fields, PVEP said.
(Reporting by Khanh Vu)
