Mitra progresses offshore Vietnam gas projects

Offshore staff

KUALA LUMPUR, MalaysiaMitra Energy has received approval from the prime minister of Vietnam for its reserve assessment reports for the two offshore gas fields.

These are Nam Du in the block 46/07 production-sharing contract (PSC) and U Minh in the block 51 PSC. 

Just before Christmas the company submitted outline development plans for both fields to Petrovietnam Exploration Production Corp. prior to further submission for prime ministerial approval.  

Mitra will be assigned the 35% interest in the block 51 PSC formerly held by KUFPEC, lifting its stake to 70%, subject to final governmental approval.

CEO Paul Ebdale said: “We look forward to making further significant steps with our gas commercialization plans through 2016.” 


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...