PetroVietnam asked to increase technology application in production hinh anh 1Illustrative image (Photo:VNA)
Deputy Prime Minister Hoang Trung Hai has suggested the Vietnam National Oil and Gas Group (PetroVietnam) and its partners increase the application of advanced science and technology in production, especially in key sectors.

This is one of the effective and sustainable solutions that help cut production costs, raise productivity, lower product and service prices, and effectively use available resources, he said at a conference and exhibition on PetroVietnam’s 40 years of integration and development that opened in Hanoi on October 21.

The group was also urged to effectively use its scientific-technological development fund to produce the best results while paying more heed to training the staff working in science and technology-related areas.

Deputy PM Hai said PetroVietnam needs to expand cooperation with foreign oil and gas groups as well as international organisations, both bilaterally and multilaterally, in research and personnel training.

The group is expected to create technological breakthroughs by 2025 with products of high scientific and technological contents which are eligible for export.

The official hailed PetroVietnam’s initiative to organise the conference and exhibition, saying the event will provide in-depth and timely assessments and forecasts for market and technological development trends.

More importantly, it will put forth solutions to domestic and global challenges to develop the country’s oil and gas technology in a rapid and sustainable manner, he stressed.

The exhibition displays the most cutting-edge equipment and technologies in service of the oil and gas exploration, exploitation and transportation, and technological software, among others.

There will be a number of seminars focusing on the exploration in off-shore waters, potential of non-traditional oil and gas resources and how to improve the efficiency of petrochemical plants.

The event, which draws representatives from more than 80 domestic and foreign businesses, will last through October 23.-VNA