Gazprom, PetroVietnam Increase Collaboration

A Gazprom delegation headed by Alexey Miller, Chairman of the Company's Management Committee, paid a visit to the Socialist Republic of Vietnam (SRV) today.

Hanoi hosted a working meeting between Alexey Miller and Tran Dai Quang, President of Vietnam. The parties discussed the Russian-Vietnamese collaboration in the energy sector. It was emphasized that the bilateral cooperation had great potential for further development.

Another working meeting was held between Alexey Miller and Vietnamese Prime Minister Nguyen Xuan Phuc.

Special attention was given at the meeting to the prospects for broader cooperation between companies on hydrocarbon development in Vietnam and third countries. The parties also discussed the further implementation of the joint NGV project in Vietnam. In particular, the meeting addressed the preparation of the Project Road Map.

Alexey Miller also had a working meeting with Nguyen Quoc Khanh, Chairman of the PetroVietnam Board of Directors, and Nguyen Vu Truong Son, President and CEO of PetroVietnam.

The parties focused, inter alia, on the exploration activities in blocks 112 and 129–132 and the joint development of the Moc Tinh and Hai Thach fields. It was noted that the construction of 12 production wells, three production platforms, a floating hydrocarbon storage terminal, and a submarine pipeline system had been completed at these fields. The total accumulated production from the Moc Tinh and Hai Thach fields since its launch in 2013 has now reached 4.5 billion cubic meters of gas and 1.1 million tons of gas condensate.

The meeting also reviewed the progress in the joint development of the Nagumanovskoye and Severo-Purovskoye fields located in Russia.