Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to carry out their commitments to maximise the productivity of the block as well as enhance oil recovery rate – an important task to ensure energy security.
PVEP aims to deepen ties with its partners to speed up new contract packages and tap new wells in the second phase, targeting higher output. The company also plans to pursue new deals in promising Algerian blocks to expand its footprint in the North African nation.
The Petrovietnam Exploration Production Corporation (PVEP), the Petrovietnam Oil Corporation (PVOIL), and the Binh Son Refining and Petrochemical JSC (BSR) have signed a contract to supply crude oil from the Dai Hung field to the Dung Quat refinery.
The Vietnam Oil and Gas Group( Petrovietnam) Exploration Production Corporation (PVEP) on July 14 signed contracts to supply crude oil to the Dung Quat Oil Refinery, and supply and consume gas from Ky Lan field.
A delegation from the Petrovietnam Exploration Production Corporation (PVEP), led by Chairman of the PVEP Members Council Tran Quoc Viet, on May 24 held a working session with their colleagues of Russia's Zarubezhneft JSC in Russia to discuss potential cooperation areas.
Vietnamese Ambassador to Algeria Tran Quoc Khanh visited and offered Lunar New Year (Tet) greetings to the Vietnamese engineers at the oil and gas joint venture of Groupement Bir Seba (GBRS) on January 22 - 23.
The PetroVietnam Exploration Production Corporation (PVEP) – a subsidiary of the Vietnam Oil and Gas Group (Petrovietnam) - has exploited 3 million tonnes of oil equivalent in the first 10 months of 2023, exceeding 14% of the planned target set by the group in 2023.
The PetroVietnam Exploration Production Corporation (PVEP) – a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam) - is targeting to exploit 1.8 million tonnes of oil equivalent in the second half of this year, the corporation has announced.
In face of a global economic downturn, especially adverse fluctuations of oil prices, subsidiaries of the Vietnam Oil and Gas Group (Petrovietnam) have flexibly taken measures to adapt to market volatility and boost production and business activities.
The Petrovietnam Exploration Production Corporation (PVEP)’s oil output reached 1 billion barrels on Febraury 8, marking a new milestone in its 35-year development journey.
The PetroVietnam Exploration Production Corporation (PVEP) reported total revenue of 34.5 trillion VND (nearly 1.45 billion USD) in the first nine months of 2022, surpassing the yearly plan by 35%.
Petrovietnam Exploration Production Corporation (PVEP), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam), has raked in revenue of more than 1.2 billion USD over the course of five years from what have been dubbed Blocks 01 and 02.
The Petrovietnam Exploration Production Corporation (PVEP), a subsidiary company of the Vietnam Oil and Gas Group (PetroVietnam), has grown into a leading international oil and gas firm, according to Dr. Nguyen Quoc Lap, Vice President of the Vietnam Petroleum Association and former General Director of PVEP.
The PetroVietnam Exploration Production Corporation (PVEP) has sold 830 million cu.m of gas so far, fulfilling its yearly goal 123 days ahead of schedule.
After nearly 30 years of enforcement, the Petroleum Law now needs revisions to be in line with international practices and Vietnam’s energy development strategy and create momentum for the oil and gas industry’s development.
The PetroVietnam Exploration Production Corporation (PVEP) contributed over 7.99 trillion VND (over 344,66 million USD) to the State budget in the first five months of 2022, surpassing the target by 92 percent.
The PetroVietnam Exploration Production Corporation (PVEP) has fulfilled its yearly profit target for 2022 by the end of the first quarter of the year, earning an estimated 5,892 billion VND (nearly 258 million USD) in pre-tax profit, up 117 percent year-on-year and surpassing the yearly plan by 2 percent.
The PetroVietnam Exploration Production Corporation (PVEP) plans to produce an estimated 0.23 million tonnes of oil equivalent, including 0.18 million tonnes of oil and condensate and 54 million cu.m of gas, this month.
Since 2015, Vietnam has seen consecutive declines in oil and gas output and exploitation plan. What're reasons behind the situation and solutions to the problem?
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), contributed nearly 2.3 trillion VND (99.8 million USD) to the State budget in the first four months of 2021, or 43 percent higher than the set plan.
