PetroVietnam exercises right for block 07/03 interest
Nov. 23, 2009
PetroVietnam Exploration Production has exercised its pre-emptive right to acquire a 10% participating interest, out of the proposed 15% assignment, from Premier Oil Vietnam South’s farmout of block 07/03 to Pan Pacific Petroleum (Vietnam) (PPPV).
Offshore staff
SYDNEY, Australia -- PetroVietnam Exploration Production has exercised its pre-emptive right to acquire a 10% participating interest, out of the proposed 15% assignment, from Premier Oil Vietnam South’s farmout of block 07/03 to Pan Pacific Petroleum (Vietnam) (PPPV).
Assignment of the remaining 5% to PPPV remains subject to formal PetroVietnam and Vietnamese government approval.
