Perenco signs new production sharing contract for Block 15-1

Perenco and its partners in Block 15-1 signed a new Production Sharing Contract (PSC) with Vietnam.

This enables Perenco to approve the Final Investment Decision for the Phase 2B development project of the Su Tu Trang gas and condensate field, which aims to deliver 125 million standard cu ft of gas per day over a period of seven years to support Vietnam’s rapidly growing domestic market.