The company on 29 July 2015 signed a memorandum of understanding with Sovico Holdings, a leading Vietnamese banking, finance, real estate and industrial holding company, and PetroVietnam regarding potential exploration in Blocks 125 and 126 off Vietnam.
Soco said the two permits are in shallow to deep water with multiple structural and stratigraphic plays observed on the available seismic data.
Geological observations indicate good potential for source, expulsion and migration of oil while numerous reservoir and seal intervals are likely.
There
