Sep 14, 2019 / 10:19
ExxonMobil oil and gas projects offshore Vietnam go on as planned: Spokeswoman
The consortium of PetroVietnam and ExxonMobil is continuing their oil and gas projects without any halt.
Oil and gas projects jointly conducted by Vietnam National Oil and Gas Group (PetroVietnam - PVN) and America’s ExxonMobil in central Vietnam are proceeding as scheduled.
“PetroVietnam has said that oil and gas projects in central Vietnam, including onshore and offshore ones, are being carried out as planned by the consortium of contractors PVN, Petrovietnam Exploration Production Corporation (PVEP) and ExxonMobil,” Spokeswoman Le Thi Thu Hang of Vietnamese Ministry of Foreign Affairs (MOFA) said at a press conference earlier this week.
Hang responded to reporters’ question regarding a rumor that ExxonMobil was withdrawing itself from Ca Voi Xanh (Blue Whale) – Vietnam’s largest offshore gas project off the central city of Danang discovered in 2011 with reserves of 150 billion cu.m.
PVN, PVEP and ExxonMobil signed agreement frameworks for project development and selling gas from the Ca Voi Xanh gas field in 2017.
The gas field, about 88 km to the east of central Vietnam’s shores, is operated by ExxonMobil. Between 9 and 10 billion cubic meters of gas are extracted every year.
PVN has invested about US$4.6 billion in the project and expects revenues of US$30 billion from gas and another US$30 billion from electricity.
“The Ca Voi Xanh project could bring a number of long-term benefits to the country, including cleaner, reliable power to help drive economic growth and improved living standards,” foreign media quoted President of ExxonMobil Development Company Liam Mallon as saying.
“If the project goes forward, it is estimated to generate $20 billion in revenue to the Vietnamese government, thousands of local jobs and improved energy security from domestic gas development,” he added.
Spokeswoman Le Thi Thu Hang of Vietnamese Ministry of Foreign Affairs. Photo: MOFA
|
“PetroVietnam has said that oil and gas projects in central Vietnam, including onshore and offshore ones, are being carried out as planned by the consortium of contractors PVN, Petrovietnam Exploration Production Corporation (PVEP) and ExxonMobil,” Spokeswoman Le Thi Thu Hang of Vietnamese Ministry of Foreign Affairs (MOFA) said at a press conference earlier this week.
Hang responded to reporters’ question regarding a rumor that ExxonMobil was withdrawing itself from Ca Voi Xanh (Blue Whale) – Vietnam’s largest offshore gas project off the central city of Danang discovered in 2011 with reserves of 150 billion cu.m.
PVN, PVEP and ExxonMobil signed agreement frameworks for project development and selling gas from the Ca Voi Xanh gas field in 2017.
Ca Voi Xanh gas field is 88 kilometers to the east of central Vietnam shore. Photo: Exxon Mobil
|
The gas field, about 88 km to the east of central Vietnam’s shores, is operated by ExxonMobil. Between 9 and 10 billion cubic meters of gas are extracted every year.
PVN has invested about US$4.6 billion in the project and expects revenues of US$30 billion from gas and another US$30 billion from electricity.
“The Ca Voi Xanh project could bring a number of long-term benefits to the country, including cleaner, reliable power to help drive economic growth and improved living standards,” foreign media quoted President of ExxonMobil Development Company Liam Mallon as saying.
“If the project goes forward, it is estimated to generate $20 billion in revenue to the Vietnamese government, thousands of local jobs and improved energy security from domestic gas development,” he added.
Other News
- Hanoi students honored for creative logo celebrating German-Vietnamese ties
- Vietnam condemns violence by Chinese authorities in Hoang Sa
- Hanoi set to pilot centralized government services
- Vietnam National Day: Insights from expats
- Musical featuring the Spratlys to be aired
- Countries recognize Vietnam’s right to claim extended continental shelf in UN submission
- Vietnam submits limits of continental shelf beyond 200 nautical miles in respect of the East Sea's Central area
- Vietnam firmly rejects any activities in violation of its sovereignty over Hoang Sa, Truong Sa
- Dien Bien Phu Battle in memories of war veterans
- Vietnamese people flock to Dien Bien Phu to commemorate resounding victory
Trending
-
North-South high-speed railway to open up new economic opportunities
-
Hanoi sees citizen satisfaction as measure of administrative reform success
-
Hanoi's businesses place focus on digital transformation
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024
-
Hanoi Festival of Creative Design 2024: celebrating the capital's cultural innovation
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Ethnic minorities want more policies for socio-economic improvement
-
From tradition to trend: How modern approaches spark cultural pride in Vietnam's Gen Z
-
Hanoi works to make bus system greener