The PetroVietnam Exploration and Production Corporation (PVEP) and twopartners have signed a 451.3 million USD engineering contract with theAlgerian state-owned oil and gas company Sonatrach.
The two partners engaged in the contract, which was signed on August 27,are the Petroleum Authority of Thailand and the Japanese GasCorporation.
Within 31 months, PVEP and its partnerswill build an oil processing centre with a capacity of 20,000 barrelsper day, a compressing plant to transfer fuel from the Bir Seba oilfield to Hassi Messaoud city with a daily capacity of 1 million cubicmetres, two 130km-oil pipelines, a water separating plant and a powerplant at the oil field in the south of Algeria.
Thetotal output of oil exploited from the Bir Seba oil field is expected toreach 20,000 barrels a day by 2014 and between 36,000 and 40,000barrels a day by 2016.
PVEP, an affiliate of theVietnam National Oil and Gas Group (PetroVietnam) holds a 40 percentstake in the Bir Seba joint-venture established in August, 2009./.
The two partners engaged in the contract, which was signed on August 27,are the Petroleum Authority of Thailand and the Japanese GasCorporation.
Within 31 months, PVEP and its partnerswill build an oil processing centre with a capacity of 20,000 barrelsper day, a compressing plant to transfer fuel from the Bir Seba oilfield to Hassi Messaoud city with a daily capacity of 1 million cubicmetres, two 130km-oil pipelines, a water separating plant and a powerplant at the oil field in the south of Algeria.
Thetotal output of oil exploited from the Bir Seba oil field is expected toreach 20,000 barrels a day by 2014 and between 36,000 and 40,000barrels a day by 2016.
PVEP, an affiliate of theVietnam National Oil and Gas Group (PetroVietnam) holds a 40 percentstake in the Bir Seba joint-venture established in August, 2009./.
