Upstream Online (News wires)
PetroVietnam has signed up for an oil and gas block in Cambodia.
The state-owned outfit will own 100% of 6900-square-kilometre Block XV located the Tonle Sap Lake, local media reports said.
Seismic and exploration work will take place in the north-eastern part of the lake, the Thanh Nien news reported citing statement from PetroVietnam.
The Vietnamese are granted 30 years to explore for oil and 35 years for gas in the block.
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