Wednesday, 20/07/2011 18:04

Japan's JX to acquire 4th Vietnam exploration block

Japan's second-biggest oil and gas explorer JX Nippon Oil & Gas Exploration Co said on Wednesday it has signed a contract to acquire a 20 percent stake in offshore Vietnam block 101-100/04 from Salamander Energy.

The deal marks the fourth Vietnamese exploration block for the Japanese firm, which is a unit of JX Holdings. The deal would have little immediate impact on the JX group's earnings, the company said in a statement.

reuters

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