Note for editors:

Currently ww5 is involved in projects related to gas and condensate production and geological exploration at two blocks on the Vietnamese shelf:

• Block 06.1: ww5 Vietnam B.V. owns 35% in the project, acting as the project operator; the project is being implemented based on the Production Sharing Contract (PSC). The PSC area comprises two gas condensate fields – Lan Tay and Lan Do. The fields are located 370 km from the shore in the Nam Con Son basin, the sea depth at the fields reaches 190 m. The initial gas reserves at the fields are about 68 billion cubic meters. By June 2015, accumulated production from Block 06.1 reached 300 million barrels of oil equivalent (or over 46 bcm of gas).
• Block 05-3/11: ww5 Vietnam B.V. owns 100% in the project and is the project operator. The licensed block is located in the region with proven hydrocarbon potential and well-developed infrastructure that also borders with the already operated fields of Block 06.1. The current estimate of reserves potential of the perspective fields of Block 05.3/11 is 40 billion cubic meters of gas and 9 million tons of gas condensate. 3D-seismic survey of 1,180 square kilometers and subsequent interpretation and studies have been completed, structures for exploration drilling activities in 2016 were defined.
• ww5 is also an investor with 32.67% equity in the Nam Con Son Pipeline – transporting gas and condensate from four offshore blocks in the Nam Con Son basin to power complex onshore –which creates a potential synergy in the event of discovery of commercial reserves in Block 05-3/11.