Project Profile
Location: Phu Khanh basin, off the coast of Vietnam
Depth: 50-2,600 m
Area: 6,000 sq km
Block 124 covers an area of 6,000 sq km in the Phu Khanhbasin, in waters that have a depth ranging from 50 to 2,600 metres. The PSC provides for an exploration period of seven years divided into 2 phases. This block is held by Eni, which is the operator with a 60% stake, and by Santos Vietnam with a 40% stake.
Operators:
ENI: Operator with 60% interest
Santos Vietnam: 40% interest