With the purpose of expanding the resource base to ensure further stable growth of hydrocarbon production in the medium and long term, the strategic goal of the Company is conducting exploration activities

Block 42 is located in the oil/gas bearing basin Malay Tho Chu within the limits of the Gulf of Siam in 400-450 km to the West from Vung Tau.
Prospects are connected with the Paleozoic-Mesozoic complex.
Signed the first oil contract on PSA terms. In the stage of preparation is a “Cooperation agreement” between Vietsovpetro and the company PVEP (a subsidiary of Petrovietnam).

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Zarubezhneft JSC jointly with the Cuban oil and gas corporation Cupet have been implementing the project for integration of the enhanced oil recovery methods at the heavy high-viscosity bituminous oil Boca de Jaruco since 2011.

Currently stage of pilot development of the Formation M is being implemented at the field. The operations at this stage include cyclic steam treatment, production of super-heavy oil and assessment of the steam and thermal methods application.

The new developments and technical solutions of Russian producers as well as the front-end new equipment capable of operating in aggressive environments at high temperatures are engaged in the project implementation which has already positively resulted in flows of heavy high-viscosity oil.