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PV Drilling: To Supply Oil Rig To Japan Vietnam Petroleum



HANOI -(Dow Jones)- PetroVietnam Drilling & Well Services Joint Stock Co. ( PVD.VH), or PV Drilling, said Friday that it has signed a contract to provide an oil rig to Japan Vietnam Petroleum Co., or JVPC.

JVPC will use the VP Drilling 1 rig for oil production at the Rang Dong field off southeastern Vietnam from March, the company said in a statement.

PV Drilling didn't provide further details on the agreement.

-By Vu Trong Khanh, Dow Jones Newswires; 844 35123042; trong-khanh.vu@ dowjones.com


  (END) Dow Jones Newswires
  11-26-092154ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

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