Exxon Says Advancing Plans for Gas-for-Power Development in Vietnam
30 Janvier 2019 - 2:50PM
Dow Jones News
By Michael Dabaie
Exxon Mobil Corp. (XOM) said Wednesday it is advancing plans for
a multi-billion dollar integrated gas-for-power development in
central Vietnam.
Exxon said it is working with joint venture partners
PetroVietnam and PetroVietnam Exploration Production Corp.
The company said it awarded the contract for front-end
engineering and design, and is filing appropriate permits, planning
applications and other preparatory work for the proposed
development. If approved, Exxon will lead the construction and
operation of the project, which would produce and treat natural gas
from the offshore Ca Voi Xanh field.
A final investment decision, targeted in 2020, will be based on
factors including regulatory approvals, government guarantees,
executed gas sales agreements and economic competitiveness, Exxon
said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 30, 2019 08:35 ET (13:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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