ASIA

Pan Pacific receives smaller stake in Vietnamese block

PAN Pacific Petroleum has acquired a minor stake in the Block 07/03 production sharing contract, offshore Vietnam, after PetroVietnam decided to exercise its pre-emptive rights.

Marija Stojkovic

Last May, Pan Pacific entered into a farm-in agreement with Premier Oil Vietnam to earn a 15% interest in the block that lies in the prospective Nam Con Son Basin. The farm-out was subject to the waiver...

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