Perenco Vietnam and its partners in Block 15-1 have signed a new Production Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the beginning of a new 25-year chapter for the Group in the country.

This key milestone enables Perenco to approve the Final Investment Decision for the flagship Phase 2B development project of the Su Tu Trang gas and condensate field, which aims to deliver 125 million standard cubic feet of gas per day over a period of seven years to support Vietnam’s rapidly growing domestic market.

Comment:
"We are deeply grateful to the Socialist Republic of Vietnam, Petrovietnam, and PVEP for their renewed trust, 13 years after the Group’s entry into the country. This recognition reflects Perenco’s proven expertise in the redevelopment and optimization of mature fields and its role as partner of choice for the states we operate in."

KeyFacts Energy: Perenco Vietnam country profile

If you would like to discover more about KeyFacts Energy, contact us today, and we can arrange a 15-minute online meeting to review our database of over 2,600 continually updated 'country-specific' oil and gas and renewable energy profiles from a selection of 144 countries. Find out how you can instantly identify companies with operational activity in your chosen country, 'fine-tune' your news or company selection based on industry category, energy type or regional location, and additionally benefit from one-to-one contact with us to ensure maximum online and social media exposure for your company.