Pan Pacific Petroleum partners surrender Vietnam Block 121 (Scandinavian Oil-Gas Magazine)

Pan Pacific Petroleum partners surrender Vietnam Block 121

Published Sep 30, 2015

Pan Pacific Petroleum NL, wish to advise that the Block 121 Joint Venture parties are withdrawing from the licence following the unsuccessful drilling of the Whale prospect (121-CV-1X) and the inability over the last 12 months to secure a farmin partner to share the costs and risk of drilling an additional well in the licence.

The Company's cumulative exploration expenditure in this licence was written off in PPP's 2014 Annual Report.

Tags: Pan Pacific Petroleum

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