PANO - A delegation from the Vietnam Oil and Gas Group (PetroVietnam) and the Russian OJSC Rosneft Oil Company (Rosneft), led by General Director of PetroVietnam Nguyen Vu Truong Son and Rosneft President and Chairman of the Management Board Igor Sechin, visited a number of rigs at Lot 06.1 in Vietnam’s waters, said PetroVietnam on March 15th.

During the visit, the two sides were briefed on the condensation at the Lan Tay exploration rig and new drilling program which was kicked off on March 9th.

The drilling location at Lot 06.1 at a depth of 1,380m is jointly operated by Rosneft, which holds 35% of the ownership in the project, the Oil and Natural Gas Corporation Limited (ONGC) of India (holding 45%), and PetroVietnam (holding 20%).

The delegation

When found, natural gas will be sent ashore via the Lan Tay exploration rig. The drilling, conducted by oil rig HAKURYU-5, is operated by Japan Drilling Co., Ltd. (JDC) under a signed agreement with Rosneft.

Rosneft has planned to make another drilling at Lot 05-3/11 in the Nam Con Son basin of Vietnam after the drilling at Lot 06.1, aiming to facilitate the two projects and help save time for the project implementation for Rosneft's efficient exploration activities in Vietnam.

According to Mr. Igor Sechin, Rosneft gives priority to its projects in Vietnam, a dynamic developing country in the Asia-Pacific region. Rosneft acknowledged and highly appreciated the progress of the current projects in Vietnam and hoped for more cooperation development in the future.

For his part, the General Director of PetroVietnam highly valued Rosneft’s efforts over the past time. The drilling activities this time show Rosneft’s high determination in making major contributions to the oil and gas industry of Vietnam.

Translated by Thuy Duong