Keyword: "oil fields"

Vietsovpetro’s total revenue in 2025 is estimated at over 2.05 billion USD, equivalent to 110.7% of the plan. State budget contributions reached nearly 825 million USD, or 115.7% of the target, while profits shared by the two partners amounted to 311 million USD, exceeding the plan by 30.8%.

The Vietnam Petroleum Institute (VPI), a member of the Vietnam Oil and Gas Group (PetroVietnam), has applied artificial intelligence (AI) and machine learning to quickly identify the presence of fractured granite basement, with an accuracy rate of over 80%, helping save exploration time and costs.

Deputy Prime Minister Trinh Dinh Dung on March 3 hosted a reception for Paul Blakeley, President and Chief Executive Officer of Jadestone Energy Inc. - a Singapore-based multinational energy firm.

The Vietnam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period.

The Vietnam National Oil and Gas Group (PetroVietnam) hopes to add 15 million tonnes oil to reserves in both 2019 and 2020, heard the company’s conference to implement exploitation plans held in Vung Tau city on March 14.

The Vietnam Oil and Gas Group (PetroVietnam) reported on December 10 that it has exploited over 11.31 million tonnes of crude oil, fulfilling this year’s target.

The rapid exhaustion of its main oil discoveries is putting PetroVietnam under great pressure to reach its oil exploration and production targets for 2018.