Vietsovpetro welcomes first oil flow from BK-18A and BK-19 oil rigs
Vietnam-Russia oil and gas joint venture Vietsovpetro on November 24 held an online ceremony to welcome the first flow of oil extracted from BK-18A and BK-19 oil rigs.
Ba Ria-Vung Tau (VNA) – Vietnam-Russia oil and gas joint venture Vietsovpetro on November 24 held an online ceremony to welcome the first flow of oil extracted from BK-18A and BK-19 oil rigs.
The event marked the 40th founding anniversary of Vietsovpetro and the 60th anniversary of the traditional day of the Vietnam oil and gas industry (November 27, 1961 - November 27, 2021).
Addressing the ceremony, Vietsovpetro Deputy General Director Vu Mai Khanh said new generation unmanned mini oil rigs BK-18A and other internal coไnnection projects are constructed in Bach Ho oil field in Lot 09-1 in Vietnam’s continental shelf, about 125km southeast of Vung Tau city.
BK-18A oil rig (Photo: congthuong.vn)
BK-18A was designed and constructed by Vietsovpetro to exploit oil and gas from six wells with a total capacity of 1,360 tonnes.
BK-19 was built and put into use to maintain the total oil production of Vietsovpetro at 3 million tonnes as set by the 2021 plan.
The complicated developments of the COVID-19 pandemic has caused difficulties for the construction of the BK-18A and BK-19 oil rigs. However, Vietsovpetro has carried out a series of solutions, including reviewing the overall construction stages for the whole project and adopting three-on-site model. Thus, the projects have met the desired quality and wer🐷e completed 48 days ahead of schedule./.
The Vietnam – Russia oil and gas joint venture Vietsovpetro is likely to complete all of its yearly targets in revenue, profit and State budget payment right in September thanks to comprehensive and effective measures to promote production.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has maintained production cost for a barrel of crude oil at less than 30 USD, the lowest among Vietnamese oil and gas producers, according to the firm.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
At the event. (Photo: VNA) 
BK-18A oil rig (Photo: congthuong.vn) 
