Vietnam Currency Discussion Board

[Rasica]

Vietnam find ‘to flow 15,000 bpd by 2010’....................
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08 January 2008 03:32 GMT | last updated: 08 January 2008 04:34 GMT

Vietnam's newly discovered Nam Rong-Doi Moi oilfield is expected to produce about 15,000 barrels of oil per day by 2010, a Petrovietnam official said today.

"The crude specification is not available yet but we suspect it is of the heavier type," the official said.

Oil flowed from the field at 4150 barrels per day during the testing, operator VRJ Petroleum Company, 50% owned by Russian state oil company Zarubezhneft, said in a statement today.

The field lies 135 kilometres south-east of Vietnam's oil hub province of Ba Ria-Vung Tau.

State oil group Petrovietnam owns a 35% stake in the venture and Idemitsu Cuu Long Petroleum Company, an unit of Japanese oil refiner Idemitsu Kosan, has 15%.

http://www.upstreamonline.com/live/article146700.ece