It's business as usual for PetroVietnam after China's illegal bid call

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The state-owned Vietnam Oil and Gas Group (PetroVietnam) said Monday its operations have been "normal" since a China issued an invitation for bids on nine oil and gas blocks within Vietnam's continental shelf.

Phung Dinh Thuc, chairman of PetroVietnam's member board, announced at a press conference that day that the group will continue its operations in the national continental shelf, together with blocks where it has been cooperating with other countries like the US, India and Russia.

"PetroVietnam has prepared all measures to maintain its business operations in line with international laws, and especially in cooperation with foreign oil and gas companies and related agencies so (the partners) can rest assured," Thuc said.

According to Thuc, China has yet to take any further action since its state-owned China National Offshore Oil Corporation (CNOOC) invited international gas and oil companies to place bids on the blocks on June 23.

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On June 27 PetroVietnam organized a press conference to voice out its objection to the Chinese invitation, saying that it was "wrong" and violated international laws.

It infringed upon Vietnam's sovereignty, jurisdiction, and national interests, and complicated and intensified the East Sea situation, the group said.

PetroVietnam also called on international oil and gas companies to ignore the invitation to place bids.

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