The discovery is of special significance to Vietsovpetro, a joint venture between the Vietnam National Oil and Gas Group (PetroVietnam) and Russia's JSC Zarubezhneft, on its 30th founding anniversary, said Hoi.

The oil flow of around 4,560 barrels a day was discovered at the depth of 3,377-3,396m in lot 09-1 which is located separatedly from Bach Ho oil field which is under production.

At present, Vietsovpetro is making an assessment for the new oil reserve and an exploitation scheme, he added.

Tuoi Tre - July 6, 2011