PVEP AND SK INNOVATION FINALIZE THE TRANSFER OF OPERATORSHIP IN RESPECT OF BLOCK 16-2 OFFSHORE VIETNAM

23/07/2020

On 21st July 2020 in Hanoi, PetroVietnam Exploration Production Corporation (PVEP) and SK Innovation Co. Ltd (SK) held a Signing Ceremony to hand-over data and documents in respect of Block 16-2.

Attending the Ceremony were Dr. Tran Hong Nam – PVEP Chairman of the Board, Dr. Tran Quoc Viet – President & CEO, and all leaders from the Board of Directors, Executive Board, functional Divisions and PVEP POC.

For SK Innovation, there was Dr. Jayden Roh Jeong Yong – Managing Director, and other managers who took part in the project.

The Signing Ceremony

Speaking at the event, PVEP Chairman Tran Hong Nam emphasized that PVEP and SK have been strategical Partners since 1998. The two Companies are now closely collaborating in the projects of Blocks 15-1 and 15-1/05 which achieved many outstanding results. That good long-term relationship has inspired PVEP and SK to carry the further cooperation in Block 16-2 in Cuu Long Basin, offshore Vietnam.

PVEP Chairman Tran Hong Nam speaks at the event

Dr. Tran Hong Nam highly appreciated the efforts and hard works of PVEP and SK, especially the working teams since the first FOA was signed in April 2018. He also said that the Signing today is an important milestone which ensures the development and mutual benefits for both Parties.

PVEP Chairman believed that SK Innovation, as the Operator of the Block, will safely and effectively manage the activities, and favorably take the project to the next period.

On behalf of SK Innovation, Dr. Jayden Roh Jeong Yong thanked PVEP for the support to make SK the Operator of Block 16-2 in general, and particularly the assistance for SK investing E&P in Vietnam.

Dr. Jayden Roh Jeong Yong – SK Managing Director giving speech

Block 16-2 is the very first operating project of SK in Vietnam. By the good cooperation and support from Vietnam Oil & Gas Group and PVEP, SK Innovation is ready to operate the project with the purpose of reaching out for long-term mutual benefits than ever.

The Overview of the Signing

Dr. Tran Hong Nam gives memorial photo to Dr. Jayden Roh Jeong Yong

Leaders from PVEP and SK Innovation taking photo together

 

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