SOCO International is preparing to sink its teeth into a juicy exploration tract south-east of Vietnam. According to industry sources, the London-based independent was recently notified by state company PetroVietnam that it had been the successful bidder for block 9-2 in a re-tender. Soco declined to comment. Block 9-2 lies directly north-east of Vietnam's flagship Bach Ho (White Tiger) oilfield in the Cuu Long basin, which is producing more than 230,000 barrels of oil per day, mostly from basement rock.
Soco on the score sheet in Vietnam
UK indie on the ball as exploration block 9-2 comes up for re-tender
25 August 2000 0:00 GMT
Updated
25 August 2000 0:00 GMT