Russia State Oil Firm Starts Drilling At Well Offshore Vietnam

A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new production well in waters off the southern coast of Vietnam, the company said in a statement posted to its website on May 15.

The drilling is significant for Vietnam, which has been struggling to maintain its crude oil and gas output amid already declining production from its key fields and ongoing pressure from China in the disputed waters of the South China Sea.