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TNK-BP is considering the purchase of assets ConocoPhillips Vietnam TNK-BP is considering the purchase of assets ConocoPhillips Vietnam

The Russian-British TNK-BP has made an offer to buy assets of U.S. ConocoPhillips Vietnam, saidon Monday- executive vice president for exploration and production of TNK-BP, Alexander Dodds.
"We have submitted a bid, there are nine sections, we now look at them, but no final decision had yet been made," - said Dodds.
In November, the top managers of TNK-BP announced that the company would like to double the volume of its activities in Vietnam in five years, both through acquisitions and by establishing a joint venture. In particular, "TNK-Vietnam" (100 percent "daughter" TNK-BP) is planning to apply for a license tender for the development of offshore blocks offered for auction PetroVietnam. We consider the possibility of establishing joint ventures with Vietnamese state-owned company of this.
Currently, TNK-BP production in Vietnam is 17 thousand barrels of oil equivalent per day, accounting for only 1% of the total production of the company. TNK-BP has acquired assets from a Vietnamese mother and BP in October 2011 received an investment license for the operation of offshore gas block 01/06 in the integrated project of gas production and electricity generation We Con Son.