Regional crude premiums have started to recover in recent months, a trader said.
The offshore fields are located in Block PM3 CAA overlapping Malaysia and Vietnam.
Average crude prices declined 35.4 percent year on year to $32.4 per barrel last month
Any further oil price declines will negatively affect the state budget this year
It is on the verge of 'running out of money' by the end of April
Economists are still hotly debating whether the oil crash has been a net positive for advanced economies.
"A change in investor sentiment was the key factor."
Global crude prices saw a drop of 33.4 percent in prices
The country is an oil exporter and the hit it takes will depend on fuel price trends
As long as oil prices stay below the estimated break-even level of $50 a barrel, the zombie group is set...
"The impact on the state budget will be minimal," chief negotiator says
For Vietnam, revenue losses due to lower crude prices seem to outweigh minimal gains from cheaper fuel costs
Strategic investor must guarantee long-term crude supply; Russian, Thai, Kuwaiti energy firms express interest
An increase in production will affect the safety and sustainability of oil fields, an official says