IPL, PARTNERS TO EXPLORE TWO BLOCKS OFF VIET NAM

Another foreign group will explore for oil and gas off Viet Nam. International Petroleum Corp. unit International Petroleum Ltd. (IPL) of Dubai, U.A.E., Swedish Exploration Consortium AB (Secab), and Clyde Expro plc late last month signed production sharing agreements with state owned Viet Nam Oil & Gas Co. covering two offshore blocks. The combined area totals 11,329 sq km. Block 115, covering 6,719 sq km, lies at the juncture of the Gulf of Tonkin and Yingge Sea basins offsetting blocks