Technical subcommittee meetings were held in Hanoi on Vietnam Offshore Blocks 112 and 129–132.
Scheduled meetings of the technical subcommittees were held on 2–3 May regarding development projects for Blocks 112 and 129–132 located on the continental shelf offshore from the Socialist Republic of Vietnam. The meeting attendees discussed the justification for the location and depth of the fourth exploratory well at the Bao Vang field (Block 112). Attendees at the meeting also reviewed proposals for specialised studies aimed at selecting the optimum location for drilling the first exploratory well within Blocks 129–132. The subcommittees included representatives from Gazprom, PetroVietnam Oil and Gas Group (VNG), Gazprom International, PetroVietnam Exploration Production Corporation (PVEP), Joint Operating Company Vietgazprom, and the Gubkin Russian State University of Oil and Gas.
Gazprom International is conducting geological surveys on the shelf offshore from the Socialist Republic of Vietnam within Blocks 112 and 129–132. In April 2012, the company expanded its presence in the country by acquiring new production assets within the scope of Gazprom’s 49% share in the development of Vietnam Offshore Blocks 05.2 and 05.3. The operator for all projects is the Joint Operating Company Vietgazprom, founded by Gazprom and the PetroVietnam Oil and Gas Group (VNG). Additionally, Gazpromviet was created in 2010 in order to execute oil-and-gas projects in Russia and third-party countries; Gazprom International holds a 51% share and the Vietnamese side holds 49%. The Nagumanovsky field in the Orenburg Region, with proven recoverable reserves of 9.6 billion cubic metres of gas, is the main project for this enterprise.