Over 6 Bcm of hydrocarbons reportedly produced from Vietnam's Moc Tinh and Hai Thach fields since 2003

MOSCOW -- A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Nguyen Vu Truong Son, CEO and member of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow on April 19th.

The meeting addressed the ongoing and future cooperation between the companies. Among other things, the participants discussed the joint hydrocarbon production efforts in Vietnam. It was noted that the cumulative output of Moc Tinh and Hai Thach fields had totaled some 6.6 Bcm since 2003, when Gazprom Group joined the project. In 2016, the parties achieved their yearly goals for hydrocarbon production (2 Bcm) ahead of schedule. It was also stressed at the meeting that Gazprom International and PetroVietnam had completed the five-year program for drilling operations in December 2016, with a total of 16 development wells drilled at Vietnam's fields in compliance with the development plan.

Particular attention was paid to the progress of geological exploration at Blocks 112 and 129–132 located on the shelf of Vietnam, as well as to the implementation of the development projects for the Nagumanovskoye oil, gas and condensate field and the Severo-Purovskoye gas and condensate field in the framework of Gazpromviet's activities. The parties also addressed the prospects of their joint projects in the gas-fired power generation and NGV sectors.