Mitsui, PetroVietnam begin $4-billion Vietnam gas project

Mitsui Oil Exploration Co., its partners, and PetroVietnam have begun design of a $4-billion natural gas project in Vietnam.

Offshore staff

TOKYO -- Mitsui Oil Exploration Co., its partners, and PetroVietnam have begun design of a $4-billion natural gas project in Vietnam.

Mitsui says the production start date is not fixed, but it is expected to be in 2014 at the earliest.

Mitsui added that Chevron and its other partners will begin work on the front end engineering and design (FEED) work. Chevron serves as the operator of the project, which comprises blocks B, 48/95, and 52/97.

Gas output, which is expected to reach up to 500 MMcf/d in the first five years, will be supplied to power plants in Vietnam, Mitsui says.

07/28/2009

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