SOUTH CHINA SEA OFF VIET NAM TO SEE MORE EXPLORATION

British and Japanese operators are poised for exploration campaigns off southern Viet Nam. A 50-50 partnership of Lasmo International Ltd., London, and C. Itoh Exploration Co. of Japan signed a heads of agreement covering Block 04-2, and AEDC Vietnam Oil Development Co. and Teikoku Oil Co. acquired Block 05-3 under a production sharing contract. AEDC is a unit of AOC Energy Development Co., a subsidiary of Arabian Oil Co. (AOC) of Japan. Both tracts are in the Con Son basin in the South China

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