The Russian-Vietnamese oil and gas joint venture, Vietsovpetro, has announced that its workers had discovered a new oil supply at its Meo Trang (White Cat) site on Aug. 23.

The oil was discovered at a depth of 3,350m and measured to produce 250cu.m per day.

Vietsovpetro Deputy Director Tran Van Hoi, who is also in charge of geological surveys, said that the offshore White Cat site was located southwest of the Bach Ho (White Tiger) mine.

Based on its geological potential and exploratory drilling, the White Cat site might be a potentially great new source of oil.

Vietsovpetro plans more onsite exploration over the coming days in order to establish oil output and a comprehensive drilling sketch.

Alongside Gau Trang (White Bear), White Cat is the second oil mine that Vietxovpetro has managed to uncover this year./.