Repsol committed to CRD development offshore Vietnam
Repsol continues to work on the field development plan for the CRD oil and gas discovery in block 07/03 offshore Vietnam.
Partner PanPacific Petroleum expects work to be completed during 4Q.
Contract negotiations continue for an FPSO and a tension leg wellhead platform facilities, as do talks withPetroVietnam on a long-term gas sales agreement.
In its latest results statement, Repsol says it has signed a 10-year extension of its production contract for the PM3 block offshore Malaysia which includes five producing fields.
Repsol has a 35% operated stake in the project, which it inherited following itsacquisition of Talisman Energy.
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