Middle East Economic Survey


No 8



Petrovietnam And Partners Form JV To Develop Blocks 433a/416b, Target 21,000 B/D In 2011

Petrovietnam and its partners on Blocks 433a/416b in eastern Algeria agreed on 10 February to form a joint venture to develop the Bir Seba oil field, and expect to start production in the fourth quarter of 2011 at an initial rate of 21,000 b/d, the state-owned Vietnamese firm announced. The Bir Seba joint operating company will represent the three...