Vietnam’s PV Oil Offers Six-Month Contract for Rang Dong Crude
According to Bloomberg, PV Oil Co., Vietnam’s state-owned oil marketing company, is offering Rang Dong crude on a term basis for the six months from April to September.
In detail, PV Oil will sell at least 200,000 barrels of oil per month from April to September. Oil prices will be plus or minus according to APPI / Platts Minas as Indonesia market.
Other companies wish to purchase can register from 7-14/02/2012.
Rang Dong field was discovered in June 1994, and began to draw oil in October 1998 in the northern area. Now, its operating activities is deployed in the eastern, southern and central areas.
Details of the offer are as follows:
Crude: Rang Dong (Vietnam)
Quantity: Minimum of 200,000 barrels a month
Term: April to September
Pricing: APPI/Platts Minas
Bids due: Feb. 7
Validity: Feb. 14
Satthep.net, bloomberg
