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PVEP welcomes first oil stream from project in Malaysia

PetroVietnam Exploration and Production Corporation (PVEP) has welcomed the first oil stream from West Desaru 1 oil well it is exploring under a joint project in Malaysia, according to the Vietnam National Oil and Gas Group (PetroVietnam).
PetroVietnam Exploration and Production Corporation (PVEP) has welcomedthe first oil stream from West Desaru 1 oil well it is exploring under ajoint project in Malaysia, according to the Vietnam National Oiland Gas Group (PetroVietnam).

The output from thewell of West Desaru oil field, which belongs to Block PM304 offshoreMalaysia peninsula, is expected to reach 2,000 barrels/day.

When fully operational, the field, one of PVEP’s three overseas oilstream projects, is expected to produce 20,000 barrels/day.

PVEP now holds a 15 percent stake in the project.

The corporation is currently investing in 17 overseas projects. It isworking hard to welcome the first oil stream from its other projects inPeru and Algeria.-VNA
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