The company Vietgazprom has completed the interpretation of geochemical test data

The data were received from the carrying-out of geochemical tests in blocks 129, 130, 131 and 132 of the continental shelf of the Socialist Republic of Vietnam.
The interpretation work was carried out by a contractor – the Federal State Unitary Enterprise Okeangeologia – which is currently going on to compile a report concerning the work carried out.
The results of the interpretation work will be used for combined interpretation of the geochemical test data and 2-D seismic survey data. Areas for conducting electro-geological work in blocks 129-132 will be selected according to the results of the combined interpretation.
The development of blocks 129, 130, 131 and 132 of the continental shelf of the Socialist Republic of Vietnam is being carried out by the Joint Operating Company Vietgazprom within the scope of the Oil-and-Gas contract, signed in 2008 between the Vietnamese National Oil-and-Gas Group (VNNG) PetroVietnam, Gazprom, PVEP (Corporation for Hydrocarbon Prospecting and Production) and Gazprom zarubezhneftegaz.
Blocks 129-132, the overall area of which amounts to 28,400 cubic kilometres, is on the southern shelf of the Socialist Republic of Vietnam. The study of the data from the blocks provides for the full spectrum of geological and geophysical work: the conducting of 2-D and 3-D seismic studies, geochemical investigation, electro-geological exploration work, and the drilling of prospecting holes and exploratory wells.
2-D seismic exploration work and geochemical studies were completed in these blocks in August 2010. Originally, the works were planned to be completed in 2011. However, thanks to the amalgamation of stages II and III, they were completed earlier than the planned deadline.