The government’s goal to extract an additional 1 million tonnes of crude oil by the year’s end to meet its economic growth target is very challenging, according to Chairman of the Vietnam Oil and Gas Association (VOGA) Ngo Thuong San.
According information from PetroVietnam Exploitation and Production – PVEP, the GBRS a Joint Venture Company of PVEP has exploited 10 million barrels of oil at 433a and 416b lots under Bir Seba field in Sahara Desert (Algeria).
On December 01, 2016, PetroVietnam Exploration Production Corporation (PVEP) officially completed its 2016 production plan assigned by PetroVietnam for 30 days.
Vice Prime Minister (VPM) Trinh Dinh Dung has officially approved ‘Non-benefit operating mechanism for Song Doc Field’. It is a special milestone on the management mechanism of oil and gas exploration and exploitation in history of Vietnam petroleum sector.