Vietnam-Malaysia firm makes offshore oil discovery

A venture between Petrovietnam and Petroliam Nasional Bhd a has discovered oil at a field off Vietnam’s southern coast, Vietnam’s state media reported on July 4.

Tests at the oilfield, named Dong Do, showed an oil flow of 2,500 barrels per day (bpd), the Vietnam Economic Times newspaper quoted officials from the field’s operator Lam Son JOC as saying. Dong Do field is about 5 km (3 miles) northeast of Thang Long field, where Lam Son JOC said in June it also found oil with a test flow of 4,500 bpd.

TheEdgeDaily