Singapore – KrisEnergy has increased its presence offshore Vietnam in blocks 105 and 120 after Neon Energy withdrew from the Eni Vietnam-led consortium.
Pursuant to the deed executed between Eni Vietnam, KrisEnergy 105, KrisEnergy 120 and Neon Energy in relation to the default and subsequent withdrawal of Neon Energy, an amended
investment certificate each for Block 105 and Block 120 has been issued by the Ministry of Industry and Trade of Vietnam on 13 February 2015.
The amended investment certificate for Block 105 reflects the revised working interest holding of 66.67% by Eni Vietnam and 33.33% by KrisEnergy and the amended investment certificate for Block 120 reflects the revised working interest holding of 66.67% by Eni Vietnam and 33.33% by KrisEnergy.