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Vietnam to work with Murphy, Exxon on oil, gas projects

Jul. 14, 2015 8:59 AM ETMurphy Oil Corporation (MUR) StockXOM, MURBy: Carl Surran, SA News Editor6 Comments
  • Vietnam's national oil company is set to work with Murphy Oil (NYSE:MUR) and Exxon Mobil (NYSE:XOM) to strengthen cooperation in oil and gas projects in the country.
  • MUR President/CEO Roger Jenkins signs an MOU with PetroVietnam to boost cooperation in petroleum projects, particularly the development of the Block B gas project in the Malay Tho Chu basin and some blocks in the Cuu Long basin offshore Vietnam.
  • PetroVietnam and XOM are discussing plans to produce first gas from the Ca Voi Xanh gas field off central Vietnam by 2021.
  • In June, PetroVietnam acquired full interest in Chevron's companies in the country.

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