Chevron wants to be Vietnam’s reliable partner

Chevron Corporation, the second biggest US energy company, wants to become a reliable partner of the Vietnamese Government and people, affirmed the General Director of Chevron Vietnam, Hank Tomlinson.

Mr Tomlinson told the Thoi Bao Tai Chinh Viet Nam (Vietnam Financial Times) reporter that Chevron has implemented its commitment to continue negotiating with the State-owned Vietnam Oil and Gas Group, PetroVietnam, to carry out a US$4 billion natural gas exploitation project.

The project, which will help Chevron become the biggest foreign investor in the nation, will tap gas resources in Blocks B&48/95 and 52/97 in the Gulf of Thailand, offshore southwestern Vietnam for more than 20 years to partly meet the country’s increasing demand for power and energy, he said.

In addition, Chevron is also involved in exploring Block 122 offshore eastern Vietnam but have yet found the commercial reserves, he said.

The Chevron Vietnam leader also said that his corporation has invested in Caltex lubricant trademark and an asphalt plant in the northern port city of Hai Phong. The two products have greatly contributed to Vietnam’s infrastructure construction and socio-economic development, he added.

He went on to say that Chevron, that has been present in Vietnam for a long time, is expected to stay in the nation for around 25 years.