Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
PetroVietnam - NIOC Reach Danan Block Agreement
description
In August 2008, Vietnamese oil company Petrovietnam signed a four-year contract to explore and develop Iran's Danan Block oilfield. The Vietnamese firm will receive its payback in a share of the field's profits over a twenty-five year period. The deal's expected value is approximately $115 million.
- Country: Vietnam
- Client: National Iranian Oil Company
- Contractor: PetroVietnam
- Amount (Current Dollar Value): $115 million
Status
- Current Status:
- Discussion Date:
- Contract Date: Thu, 2008-03-20
- Completion Date:
Citation
1. "Petrovietnam Commences Danan Block Work, Aghajari Gas Injection Project Nears Completion in Iran." World Markets Research Centre. April 24, 2009. Available at nexis.
2. "PVEP to Develop Iran's Danan Oil Field." Fars News Agency. August 8, 2008. Available at http://english.farsnews.com/newstext.php?nn=8705120918.
3. MEED, "Petrovietnam to begin Iranian oil exploration work", 28 June 2008. Available at http://www.meed.com/sectors/oil-and-gas/petrovietnam-to-begin-iranian-oi...
All projects by PetroVietnam
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| PetroVietnam | PetroVietnam - NIOC Reach Danan Block Agreement | $115 million |
04/24/09 |
In Progress |