New oil field found offshore Vung Tau
10:26' 22/03/2007 (GMT+7)
VietNamNet Bridge - Thang Long Joint Operating Company (Thang Long JOC) on March 21 announced to discover a new oil field at White Rhino structure in the 15-2/01 block offshore Vung Tau.
According to Nguyen Van Tam, Administrative and Personnel Manager of Thang Long JOC, the new oil field is at the depth of 2,640-2,700m compared to the sea level. Initial surveys show that it can yield around 5,000 barrels a day.
This is the second in the past four months Thang Long JOC discovering new oil fields.
This year the company will drill three more exploratory wells at other structures to evaluate the oil and gas potential of the 15-2/01 block.
(Source: TN)
