OREANDA-NEWS. Within the World Petroleum Congress Zarubezhneft, Rosneft and PetroVietnam signed Memorandum of Understanding in the field of geological exploration of Block 125 and Block 126 offshore Vietnam.

The document was signed by the President of Rosneft Igor Sechin, General Director of PetroVietnam Do Van Hau and General Director of Zarubezhneft Sergey Kudryashov.

Participatory interest and operator of the Block 125 and Block 126 will be determined in the future. Memorandum as well provides for possible expansion of cooperation beyond the given blocks in case of finding out additional mutually beneficial partnership prospects in the course of research.