Vietsovpetro taps 5.04 million tonnes of crude oil this year
The Vietnam-Russia joint venture Vietsovpetro expects to tap 5.04 million tonnes of crude oil as targeted this year, heard the 47th meeting of Vietsovpetro’s Council recently held in Vung Tau
Hanoi (VNA) - The Vietnam-Russia joint venture Vietsovpetro expects totap 5.04 million tonnes of crude oil as targeted this year, heard the 47th meeting of Vietsovpetro’s Council recently held in the southern province of BaRia – Vung Tau.
Vietsovpetrohas achieved a majority of goals and set a new record of 2,547m/month/machinein commercial drill speed, just above the target, said General Director TuThanh Nghia.
For thewhole year, the joint venture plans to drill 91,400m, complete the constructionof 28 wells and repair 18 drilling wells.
It willalso bring ashore more than 1.6 billion cu.m of gas, or 127 percent of thetarget.
Since itbegan operation in 1981, Vietsovpetro has tapped over 223 million tonnes ofcrude oil and supplied more than 30.8 billion cu.m of gas.
At themeeting, participants adopted production and trading plans for next year andtasks for 2017-2021.-VNA
The Vietnam-Russia Joint Venture Vietsovpetro will exploit an additional 23 oil wells and make upgrade to nine others as part of the efforts to ensure safe exploiting activities and fulfill set plan.
The long term cooperation and the highly mutual trust between Vietnam and Russia allow the two nations’ oil and gas companies to strengthen cooperative ties.
Russian President Vladimir Putin has signed a federal law on ratifying the Agreement between the Russian and Vietnamese Governments on cooperation in geological survey and production of oil and gas.
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
Topsides weighing more than 5,000 tonnes of gas extraction platform BK Thien Ung has been successfully launched by the Vietnam-Russia joint venture Vietsovpetro.
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Illustrative image (Source: VNA) 
