MOSCOW (Sputnik) — Russian state-owned oil giant Rosneft's subsidiary has started drilling an exploration well located off the southern coast of Vietnam, the company said Wednesday in a statement.
"For the first time, Rosneft is operating a drilling project in International waters, confirming the company's competence and ability to implement technically complex drilling programs offshore. The design depth of the well will be around 1,380 m [some 4,527 feet], while the sea depth in the area is about 162 m," the statement reads, referencing the subsidiary Rosneft Vietnam BV.
The Russian oil giant signed a deal with the Japan Drilling company to use its HAKURYU-5 drilling rig for the operation during the Eastern Economic Forum-2015 held in Vladivostok in early September.
