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Lukoil Says Vietnam Drilling Failed to Find Commercial Reserves

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May 29 (Bloomberg) -- OAO Lukoil failed to find commercial reserves after drilling two wells off Vietnam, Deputy Chief Executive Officer Leonid Fedun said today at a presentation to investors in Hong Kong.

Lukoil is now reconsidering its plan for the Vietnam project, Grigory Volchek, a spokesman for the company’s overseas unit, said by telephone.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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