More oil and gas discovered in VN’s continental shelf

The Cuu Long Joint Operating Company said it has discovered oil and gas at the Su Tu Nau (Brown lion) 3X oil field off the southern province of Ba Ria-Vung Tau.

The new discovered deposit, which stands 3,000 barrel a day, will help the company increase its production output in the future, a company executive said.

Cuu Long JOC is a joint venture between the PetroVietnam Exploration and Production Corporation and its partners from the UK , the Republic of Korea and Monaco to explore and tap oil at Lot 15.1 in Vietnam ’s continental shelf.

The company is operating three oil fields: Su Tu Den (Black lion), Dong Bac (Northeast) and Su Tu Vang (Golden lion).

In 2010, the company plans to pump 4.34 million tonnes of oil and gas.

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