Vietnam extends JX license to develop light sweet crude at Phuong Dong

摘要

Tokyo-The Vietnamese government has granted an extension to JX Nippon Oil & Gas Exploration’s license to develop the offshore Phuong Dong oil field by five years until April 2025, giving it more time to increase light sweet crude oil output. Japan Vietnam Petroleum Company, a wholly-owned subsidiary of JX NOEX, was seeking to extend the right to develop the Phuong Dong oil field in Block 15-2 beyond April 2020.