At the meeting with ExxonMobil, President and CEO Le Manh Hung discussed with Mr. John Whelan, Senior Vice President of ExxonMobil about important contents to help continue deploy Ca Voi Xanh project to achieve FID progress around the end of 2023 and early 2024, in which the signing of new GSA HOA after the expiration of the old framework agreement is an important content. 

Overview of the working session between Petrovietnam delegation and Exxon Mobil leader

According to Mr. John Whelan, Ca Voi Xanh gas project plays an important role to Petrovietnam and ExxonMobil as well. 
The two sides exchanged solutions for project implementation in the context of the volatile energy market; coordinate to remove and handle agreements and procedures: commercial agreements, negotiate and sign GSA HOA, deploy land lease, upgrade Ky Ha port…

Petrovietnam delegation worked and visited Exxon Mobil’s headquarters in Houston

At the meeting with Tellurian and Globalinx, which are business partners in the energy sector such as natural gas production, gas infrastructure development and LNG business, President and CEO Le Manh Hung, Mr. Scott Chrisman - Senior Vice President of Tellurian and Mr. Joe Knierien - CEO of Globalinx discussed about cooperation opportunities in supplying LNG to Vietnam market. 

Petrovietnam delegation worked with Tellurian and Globalinx on the possibility of supplying LNG to Vietnam market

Working with Petrovietnam President and CEO Le Manh Hung, Mr. Roger Jenkins, CEO of Murphy Oil Corporation, mentioned the difference in the technical assessment of Lac Da Vang (LDV) field development plan between PVEP and the Parties/Operators, including the difference in reserve assessment and connectivity options compared to the independent development option.

The delegation of Petrovietnam and PVEP worked with Murphy

After listening to the exchange, Petrovietnam supported the development of LDV project, and clarified that the difference in assessment only reflected the different ways of looking at and considering the risk level between the Parties. 

The meeting focused on resolving issues with different views and solutions to promote the project as soon as possible.