Exploration and development off southern Viet Nam are proving up the area's prospectivity and laying an energy foundation for economic growth.
Although still little more than a crawl, the pace of positive announcements in this portion of the South China Sea continues to quicken.
A steady string of oil and gas discoveries begun last year has carried over into first half 1995, boosting operator confidence to sustain the emerging drilling surge. With each announcement, observers increase their estimates of Viet Nam's recoverable oil and gas resources.
Meantime, Viet Nam in the past year continued ramping up oil pro...