Vietnam: SapuraKencana terminates offshore asset deal, Hung Vuong plans $15m outbound acquisition

Vietnam: SapuraKencana terminates offshore asset deal, Hung Vuong plans $15m outbound acquisition

Visual from Hung Vuong Corp website.

Over the past year, Vietnam’s upstream oil assets have generated a lot of interest. Malaysia’s SapuraKencana Petroleum Berhad had reached a deal in 2014 to purchase three offshore blocks from PETRONAS, but it recently terminated the agreement. Meanwhile, the seafood firm Hung Vuong Corp is targeting to buy majority stake in Russia Fish JSC.

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