Petrovietnam

Criteria for scientific research The oil and gas industry has recorded some significant achievements in recent years, including researching and developing technology to exploit gas condensate fields in the particularly complex conditions of the Vietnamese continental shelf; researching and developing technology for design, construction and installation of oversized marine oil and gas projects suitable to Vietnamese conditions; and researching and applying technological solutions for gathering, processing and using associated petroleum gas in the fields of the Vietnam-Russia Joint Venture (Vietsovpetro) and neighboring fields. At the conference on long-term scientific research program for the 2021-2025 period At a conference on long-term scientific research program for the 2021-2025 period held on April 22 in Hanoi, a representative of the Group's Safety Technology and Environment Department presented a report on long-term scientific research programs for 2021-2025 … [Read more...] about PetroVietnam strives for scientific research breakthroughs

At the ceremony (Photo: PetroVietnam) Hanoi (VNA) - The Vietnam Oil and Gas Group (PetroVietnam) held a ceremony on June 18 to welcome the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A, which meant the project was put into operation 16 days ahead of schedule. Amid complicated developments of the COVID-19 pandemic, the ceremony was held online in Hanoi and Ho Chi Minh City, with the presence of Chairman of the Members’ Council of PetroVietnam Hoang Quoc Vuong and the group’s General Director Le Manh Hung, among others. The Su Tu Trang oil field is one of four important discoveries in Block 15-1, which belongs to the Cuu Long basin and is evaluated as one of the areas with the highest potential for oil and gas reserves in the continental shelf of Vietnam. It is located about 62km from the coast of Vung Tau with a water depth of 56m. PetroVietnam leading officials at the ceremony (Photo: PetroVietnam) The oil and gas exploration contract of Block … [Read more...] about PetroVietnam receives first flow of gas of Su Tu Trang oil field in phase 2A

PetroVietnam donates $17.4 million to the national COVID-19 vaccine fund The group raked in $9.88 billion in total revenue during the period, surpassing the 5-month projection by 14 per cent more than the same period in 2020. It paid $1.4 billion to state coffers, showing a 23 per cent jump over the plan and up 20 per cent on-year. PetroVietnam also posted pretax profits reaching $6.3 billion, more than 2.3-fold over the plan and triple that compared to one year ago. All member units under the group succeeded in maintaining stable production and business, keeping close eyes on stockpiles and taking radical measures to ensure effective containment of the ongoing pandemic. These figures came out at a recent periodical online meeting to review 2021 business performance so far for the group and its member units, which was chaired by CEO Le Manh Hung, with the attendance of chairman Hoang Quoc Vuong and other executives of PetroVietnam, as well as leaders of diverse member units. … [Read more...] about PetroVietnam reports rosy results for year so far amid pandemic strife

Leading PetroVietnam officials at the ceremony Amid the complicated developments of the pandemic, an online ceremony has marked the establishment of the first flow of gas from Su Tu Trang (White Lion) oil field, featuring the presence of PetroVietnam's top leaders, including chairman Hoang Quoc Vuong, CEO Le Manh Hung, leaders of associated units, and representatives of relevant foreign partners. Addressing the ceremony, PetroVietnam’s general director Le Manh Hung said Block 15-1 was the flagship in Vietnam’s oil and gas exploitation activities, bringing benefits to all involved parties, and contributing about $10.4 billion to state coffers. The White Lion oil field is one of the areas with the highest potential for oil and gas reserves in Vietnam’s continental shelf. PetroVietnam highly valued the efforts of Cuu Long Joint Operating Company (JOC) and its partners to complete the drilling of the well on schedule, ensuring their commitments in the gas purchase, … [Read more...] about PetroVietnam receives first gas flow from White Lion oil field in stage 2A

Workers in the oil and gas sector undergoing health procedures before taking COVID-19 vaccination The sum was contributed by the parent company PetroVietnam and its numerous member units. In the fight against COVID-19, PetroVietnam has been actively supporting the government and people across the country to keep a safe environment for people and maintain production. So far, PetroVietnam and its member units have contributed more than VND500 billion ($21.74 million) to the fight against COVID-19. So far, PetroVietnam and its member units have contributed more than VND500 billion ($21.74 million) to the fight against COVID-19. Amid the current growing complications of the pandemic, strongly committed to ensuring absolute safety for staff and business continuity, PetroVietnam has enacted a suite of measures to maintain stable operation and business. The parent company and its member units have taken initiative in coordinating with ministries, sectors, and health … [Read more...] about PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

At the ceremony (Photo: VNA) Hanoi (VNA) – The Oil and Gas Group (PetroVietnam) on June 18 welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A. Amid complicated developments of the COVID-19 pandemic, the ceremony was held online, marking the operation of the project 16 days ahead of schedule. Addressing at the event, PetroVietnam's General Director Le Manh Hung said Block 15-1 is the flagship in oil and gas exploitation activities in Vietnam, bringing benefits to all involved parties, and contributing about 10.4 billion USD to the Vietnamese Government’s budget. PetroVietnam highly valued efforts of Cuu Long Joint Operating Company (Cuu Long JOC)  and its partners to completed the drillling of the oil-well on schedule, ensuring their commitments in the gas purchase and sale contract and field development plan, he said. Cuu Long JOC's General Director Nguyen Van Que attributed the success of the project to concerted efforts of Cuu … [Read more...] about First flow of gas pumped out of Su Tu Trang oil field in phase 2A