Joint Operating Company Vietgazprom has completed the processing and analysis of data obtained from offshore electrical surveys on Blocks 129, 130, 131, and 132 offshore Vietnam.
The information obtained will be used for integrated interpretation of geological and geophysical data: its results will be used to select the drill site for an exploratory well in Blocks 129-132.
Blocks 129-132 are located in the South Konshon Oil-and-Gas Basin.
The oil and gas contract for Blocks 129-132 was signed on 27 October 2008 between PetroVietnam, Gazprom, PVEP, and Gazprom zarubezhneftegaz. The Joint Operating Company Vietgazprom is the operator for development of the blocks.
In 2010, 2D seismic surveys and geochemical studies were performed on the blocks; the data from these studies has now been processed and interpreted.