Project Profile
Location: offshore South West Vietnam
Area: approx. 11,620km²
Water Depth: 50-60 metres
Idemitsu Kosan Co. and Sumitomo Corporation respectively acquired participating interests in the exploration Blocks 39 and 40/02, offshore Vietnam. Idemitsu and Sumitomo signed the Production Sharing Contract (PSC) with Vietnam Oil and Gas Group (Petrovietnam), a state enterprise of Vietnam, for offshore South West Vietnam Blocks 39 and 40/02 on August 11, 2015. The blocks lie in water depths of 50-60 metres and comprise area of approximately 11,620km².
Operators:
Idemitsu Kosan Co., Ltd.: Operator with 75% interest
Sumitomo Corporation: 25% interest