Business

Bien Dong POC Company fulfils yearly target

The exchange value of gas and condensate of the Bien Dong 1 project carried by the Bien Dong Petroleum Operating Company (Bien Dong POC) hit 511 million USD in 2017, a rise of eight percent compared to the yearly plan.
Bien Dong POC Company fulfils yearly target ảnh 1An oil rig of the Bien Dong POC (Photo: Bien Dong POC)

Hanoi (VNA) – The exchange valueof gas and condensate of the Bien Dong 1 project carried by the Bien DongPetroleum Operating Company (Bien Dong POC) hit 511 million USD in 2017, a riseof eight percent compared to the yearly plan.

The Bien Dong 1 project has been operated forfive years.

The Bien Dong POC has finished a report updating the Hai Thach –Moc Tinh oilfield reserve and submitted a plan to clean up the oilfield to theVietnam Oil and Gas Group (PVN) and Gazprom EP International B.V (GPEPI), whichreceived an approval from the Ministry of Industry and Trade in November, 2017.

It has also finished a feasible study for the future drilling ofthe Kim Cuong Bac oilfield as well as the budget plan and budget spendingmonitoring programme in 2017.

PVN Deputy Director General Nguyen Quoc Thap said the Bien DongPOC obtained high workplace safety rate in the harsh working environment.

ThePVN and GPEPI have created favourable conditions for the company’s operation,ensuring sustainable development and creating jobs for workers, he added.-VNA

VNA
#Vietnam #Bien Dong Petroleum Operating Company #Bien Dong POC #Bien Dong 1 project #oilfield reserve #Vietnam Oil and Gas Group #PVN #workplace safety rate #working environment #vietnamplus #Vietnam News Agency
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