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JOGMEC and Petrovietnam signed the Renewal of the Memorandum of Understanding

October 18, 2017

 On 17th October 2017 - Japan Oil, Gas and Metals National Corporation (JOGMEC) and Vietnam Oil & Gas Group (Petrovietnam) signed the Renewal of the Memorandum of Understanding (MOU) regarding with comprehensive cooperation in Vietnam in order to extend the MOU for 5 years.

 From November 2007, JOGMEC and Petrovietnam have established and maintained good relationship through many collaborative activities in E&P business and R&D projects under the MOU. Both parties agreed to extend the MOU for another 5 years in order to further promote and develop the collaborative activities in Vietnam.

 During the past 10 years, JOGMEC and Petrovietnam implemented the following researches.

  • Research on CO2 EOR including CO2 EOR pilot test at Rang Dong oil field in Block 15-2 offshore Vietnam
  • Research on Geo-mechanical studies for wellbore stability analysis and sand production
  • Feasibility study on the applicability of the Japan GTL
  • Research on low salinity water flooding EOR
 Aiming to secure stable supplies of natural resources and energy for Japan, JOGMEC continues to successively accumulate technical abilities in oil development and promotes joint study opportunities with oil-producing countries, in order to both transfer knowledge and maintain positive international working relationship. Vietnam has been one of the most important countries for Japan and 3 Japanese private companies are actively implementing E&P activities under Petrovietnam’s strong support.

Signing Ceremony of MOC

Signing Ceremony of MOC

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