PETROLIAM Nasional Bhd (Petronas) and its Vietnamese counterpart, Petrovietnam, signed yesterday a contract to jointly explore and develop hydrocarbon resources in two exploration blocks offshore Vietnam.
The Blocks 01/97 and 02/97 are sited in the prolific Con Son Basin, about 150km offshore Vung Tau, next the existing Blocks 01 and 02 operated by Petronas.
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