Business

PVEP fulfils yearly gas sales goal 123 days ahead of schedule

The PetroVietnam Exploration Production Corporation (PVEP) has sold 830 million cu.m of gas so far, fulfilling its yearly goal 123 days ahead of schedule.
PVEP fulfils yearly gas sales goal 123 days ahead of schedule ảnh 1PVEP's Dai Hung oil field. (Photo: VNA)
Hanoi (VNA) – The PetroVietnam ExplorationProduction Corporation (PVEP) has sold 830 million cu.m of gas so far,fulfilling its yearly goal 123 days ahead of schedule.

PVEP attributed the success to soaring global demand for gascaused by the Russia-Ukraine crisis. The State-owned company has seen a sharprise in gas sales at all its projects, particularly Block PM3 CAA and those of CuuLong Joint Operating Company (JOC).

The firm has also accomplished all output targets assignedby its parent company PetroVietnam for the first eight months of this year.

It pumped 2.52 million tonnes of oil equivalent during theperiod, 19% higher than the eight-month goal and representing 79% of the yearlyplan.

Its oil and condensate output reached 1.69 million tonnes, exceedingthe periodic plan by 7% and equivalent to 72% of the year’s target. Gas outputsurpassed the eight-month plan by 50% to hit 834 million tonnes, reachingthe company’s full target for the entire year.

In 2022, PVEP is tasked to produce 3.18 million tonnes ofoil equivalent./.
VNA
#PetroVietnam Exploration Production Corporation #PVEP #PetroVietnam #output targets #gas sales #Vietnam #Vietnam News #Vietnam News Agency #Vietnamplus
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