PetroVietnam Exploration Production Corporation (PVEP), a member of the state-owned Vietnam Oil and Gas Group, will sign with the Cambodian National Petroleum Authority (CNPA) a contract to explore and exploit oil and gas at Block XV in Cambodia’s Tonle Sap Lake area in Phnompenh on November 12.
Exploration is in 7 years under the contract for oil and gas exploitation, which will expire in 30 and 35 years, respectively.
Block XV covering 6,900 square kilometers is PVEP’s 55th oil and gas project and 17th project under its direct control.
The contract will be managed by PVEP-Mekong, a branch of PVEP, which are also deploying oil and gas projects in Laos and Myanmar.
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