Perenco Boosts Asian Presence With Acquisition Of Conoco's Assets

Perenco looks set to overcome stiff competition to snap up ConocoPhillip's Vietnamese assets. The deal represents a regional shift for Perenco as it seeks to acquire a proven asset in a rapidly growing Asian market. The strong interest in the sale bodes well for Vietnam's latest licensing round. With winners due to be announced shortly, the future of Vietnam's upstream sector looks brighter.

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