PPP exits block offshore Vietnam

Offshore staff

NORTH SYDNEY, Australia – Pan Pacific Petroleum has agreed to sell its subsidiary in Vietnam to Repsol for $5 million.

The transaction involves the transfer of a minor interest in block 07/03 in the Nam Con Son basin in the South China Sea.

PPP decided it preferred to deploy its capital in affordable investment opportunities rather than committing to a single large investment in the CRD field development in the block.


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