A working visit by a delegation from Gazprom, headed up by Alexey Miller, Chairman of the ManagementCommittee, took place on 5 April in the Socialist Republic of Vietnam.
Talks took place with the president of the Vietnamese oil-and-gas group (VNG) Petrovietnam, Do Van Hau, and the Chairman of the Board of Directors, Phung Dinh Thuc The delegation from Gazprom was received by Nguyen Tan Zung, Prime Minister of the Socialist Republic of Vietnam.
During the visit, Alexey Miller had a working meeting with the President of Vietnam, Chong Tan Sang. The parties discussed Russian-Vietnamese collaboration issues in the energy sector, and also bi-lateral co-operation within the context of existing and prospective projects.
Agreements for the training and retraining of personnel, and also for Gazprom’s entry into the project for the joint development of licensed blocks 05.2 and 05.3 offshore in Vietnam, were signed in the presence of the President of Vietnam. This document provides for Gazprom to receive a 49-percent share in the production sharing agreements under which this project is being carried out. The Russian side here will be represented by Gazprom International, the single operator of all Gazprom’s overseas projects for the prospecting, exploration and development of hydrocarbon deposits.
“I wanted to express our gratitude to the Vietnamese leadership for the support given to the Russian-Vietnamese initiative. This is not the first year that Gazprom has successfully carried out huge projects offshore in Vietnam. The Agreement that has been signed today bears witness to the joint interest in developing multi-lateral cooperation between Russia and Vietnam. It includes the development of hydrocarbon resources in Vietnam, Russia and third countries, cooperation under our Eastern Programmes, increasing staff qualification levels, and the outlook for collaboration in the power industry”, said Alexey Miller.
Valeriy Gulev, Gazprom International’s Managing Director, took part in the work by the Gazprom delegation.
Gazprom and Petrovietnam signed a Strategic Partnership Agreement on 15 December 2009. According to this document, the parties will continue their joint work in the blocks on Vietnam's continental shelf within the scope of previously concluded contracts, and will also examine further potential for collaboration between the companies in unused licensed blocks.
The Agreement for Gazprom’s entry into the project for the joint development of blocks 05.2 and 05.3 in defined waters in the South China Sea was signed under the Strategic Partnership Agreement currently in force between Gazprom and VNG PetroVietnam.
Two gas condensate deposits - Moc Tinh (05.3) and Hai Thach (05.2 and 05.3) - and also one deposit – Kim Cuong Tay (05.2) - were opened within the boundaries of blocks 05.2 and 05.3. The total reserves from the two gas condensate deposits amount to 55.6 billion cubic metres of gas and 25.1 million tonnes of gas condensate. The construction of 16 operational wells at a depth of 2000 – 4600 metres is planned for the development of the deposits.
In April 2010, Vietnam’s State Energy Commission confirmed the plan for the joint development of Hai Thach and Moc Tinh. Implementing this plan will enable an advance supply of gas to be provided to the main pipeline and production to start until the operational drilling and provision of all facilities at the deposit are completed.