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Vietnam to Offer 9 Offshore Oil Blocks in Licensing Round

Vietnam Oil & Gas Group, known as PetroVietnam, will offer nine offshore oil blocks in its 2011 licensing round, according to advertisements placed by the company in local newspapers today.

The areas are located in the Nam Con Son, Phu Quoc and Malay-Tho Chu basins, advertisements in the Vietnam News and Thoi Bao Kinh Te newspapers showed.

The licensing round runs from Aug. 1 until Jan. 5, with registration and data review to be held between Aug. 10 and Oct. 7, according to the advertisements.

Hoang Ngoc Dang, general manager of the company’s exploration division, declined to comment when contacted by telephone.

To contact the reporter on this story: Bloomberg News in Hanoi at giang1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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