TNK-BP Outlines Strategy for Vietnam
TNK Vietnam, a 100% subsidiary of TNK-BP Group, has outlined a development strategy for its Vietnam operations and underscored its commitment in Vietnam.
The development strategy for the Vietnam assets will involve safe operations of offshore gas production, making it a center for offshore technical expertise within TNK-BP Group, as well as a vigorous approach to new growth opportunities in the Southeast Asian nation.
Following the official amendment of the investment license for Block 06.1 in October 2011, TNK Vietnam has assumed operatorship of the Lan Tay platform and the Company is now seeking new organic and inorganic growth opportunities and form strategic partnerships for the development of new opportunities in Vietnam’s energy sector.
As a next step, TNK Vietnam will participate in the current licensing round for offshore blocks being auctioned by PetroVietnam.
Mr Chris Einchcomb, Vice President of International Projects and Upstream also announced that the company would contribute a state-of-the-art, fully equipped ambulance vehicle to the Le Loi General Hospital in Ba Ria Vung Tau. The coastal province of Ba Ria Vung Tau is home to TNK Vietnam’s major operations, including the Lan Tay Platform, where natural gas and condensate are produced, the Nam Con Son pipeline and terminal, and the Phu My 3 power plant.
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