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Petrovietnam surveying oil block eyed by China-BP PDF Print E-mail

Reuters UK
22 July 2008

LONDON - State oil group Petrovietnam has resumed exploration activity in an area off Vietnam's coast which is the subject of a territorial dispute between Hanoi and China, Petrovietnam's partner, oil major BP Plc (BP.L: Quote, Profile, Research) said.

"Petrovietnam is currently executing contracts for offshore survey activities on blocks 5.2 and 5.3," BP spokesman David Nicholas said.

Last year, BP suspended planned seismic surveys of Block 5.2 pending a resolution of the dispute.

The block is about 370 km (230 mi) offshore, between Vietnam and the Spratly Islands, a string of rocky outcrops in the South China Sea, suspected of containing large oil and gas deposits and which are claimed by Vietnam, China and Taiwan. (Reporting by Tom Bergin; Editing by David Cowell)


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