PVEP welcomes first oil stream from project in Malaysia

According to the Vietnam National Oil and Gas Group (PetroVietnam), the average output from West Desaru oil field, which belongs to Block PM304 offshore the Malaysia peninsula, is estimated at 2,000 barrels/day. 

When fully operational, the field, one of PVEP’s three overseas oil stream projects, is expected to produce 20,000 barrels/day. It holds a 15 percent stake in this project. 

The corporation has been investing in 17 overseas projects, and is expected to see the same happening in Peru and Algeria soon.