ExxonMobil Announces Oil and Gas Find Offshore Vietnam

摘要

ExxonMobil has found oil and gas in its Block 119 offshore Vietnam, a company spokesman said. The company's second exploration well off the coast of Danang City found hydrocarbons. Preliminary exploration data from the well is currently being analyzed by the company. The first well drilled on the block did not result in a hydrocarbon discovery. The latest find is important for Vietnam, as it looks to boost oil and gas production amid declining production from maturing fields and rapidly growing energy demand. "It's hard to know how significant this find is for ExxonMobil because we don't know the size of it, but it's definitely positive for a company to have a discovery in a region many people believe could be very prolific," said Phil Weiss, an analyst at Argus Research, as reported by Oilvoice.