Vietnamplus

The PetroVietnam Exploration Production Corporation (PVEP) has signed a deal on the transfer of a 5-percent interest and the administration right in Block 15-1/05 to Murphy Cuu Long Bac Oil Co. Ltd.

Cuu Long Joint Operating Company (Cuu Long JOC) is focusing its resources to develop the second phase of the Su Tu Trang (White Lion oil field) so that it can be exploited in the fourth quarter of 2021.