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Aussie independent about to sign Viet Nam PSC. (Anzoil NL, production sharing contract)
Anzoil NL, West Perth, Australia, expects to sign soon a production sharing contract (PSC) covering a block in Viet Nam's Hanoi basin.
The company recently completed negotiations of terms of a PSC covering 4,750 sq km of onshore and shallow offshore acreage in the Tertiary Hanoi basin of northern Viet Nam. It includes Tien Hai gas field, productive from pay at 1,200 m. Shallow Tien Hal production is excluded from the PSC, but deeper pay and any incremental reserves in the productive zone at 1,200 m are included in the PSC.
Anzoil expects final approval of the PSC from Viet Nam's State Committee for Cooperation and Investment to occur soon. When that happens, …
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