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Главная / Новости / News / THE DEAL TO ACQUIRE AN INTREST IN HT-02 OFFSHORE PROJECT HAS BEEN APPROVED BY THE GOVERNMENT OF VIETNAM
11:24, 21 Октября 11
THE DEAL TO ACQUIRE AN INTREST IN HT-02 OFFSHORE PROJECT HAS BEEN APPROVED BY THE GOVERNMENT OF VIETNAM  The Government of the Socialist Republic of Vietnam has approved the deal on acquisition by LUKOIL Overseas of a 50% interest in the PSA for the Hanoi Trough-02 (НТ-02) offshore block, and issued the respective investment certificate.
The interest in the PSA was acquired from a private petroleum company Quad Energy in April this year. At the present time, Quad Energy's share in the PSA is 50%. LUKOIL Overseas is the project operator.
The HT-02 block is located on the shelf of the South China Sea, in a shallow water zone near the coast. Exploration on the block has been underway since 2007, and to date has resulted in the identification of a number of prospects. Drilling of three exploration wells is planned on the block in 2011, with the first well to be spudded in by late October. A regional office of LUKOIL Overseas is established in Hanoi to manage the project.
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