Repsol committed to CRD development offshore Vietnam

Offshore staff

MADRID, SpainRepsol continues to work on the field development plan for the CRD oil and gas discovery in block 07/03 offshore Vietnam.

Partner PanPacific Petroleum expects work to be completed during 4Q.

Contract negotiations continue for an FPSO and a tension leg wellhead platform facilities, as do talks with PetroVietnam on a long-term gas sales agreement.

In its latest results statement, Repsol says it has signed a 10-year extension of its production contract for the PM3 block offshore Malaysia which includes five producing fields.

Repsol has a 35% operated stake in the project, which it inherited following its acquisition of Talisman Energy.

07/28/2016

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