Vietsovpetro and the five provinces-Ca Mau, Kien Giang, Bac Lieu, Hau Giang and Can Tho City are cooperating in conducting a detailed survey, a preparatory step for clearing the ground soon.

Petrovietnam may sell at least $1 billion of bonds in 2010 to fund new projects, NguyenNgoc Su, deputy chief executive officer of the company, said in an interview in June 2009.

Petrovietnam covers all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services.