Vietnamese Ambassador to Algeria Tran Quoc Khanh (second from left) visits the plant of Groupement Bir Seba in the Bir Seba oil field. (Photo: GBRS) The Algeria-based GBRS is the first overseas oil and gas project that the Petrovietnam Exploration Production Corporation (PVEP) has acted as the operator. The other parties in this joint venture are Algeria’s national oil and gas firm Sonatrach and the Petroleum Authority of Thailand (PTT).
After nearly eight years of operation, the GBRS officially produced the 50 millionth oil barrel on October 28, 2023, becoming one of the most productive overseas investments of the Vietnam Oil and Gas Group (Petrovietnam).
Nguyen Thanh Hai, co-General Director of the GBRS, said 28 Vietnamese personnel from the PVEP are joining in this joint venture, most of them holding important positions like directors or division heads. Vietnamese engineers also play the leading role in terms of techniques and take part in the making of critical decisions.
Apart from engaging in plant operation, this is also the first overseas project for which Petrovietnam has conducted drilling and provided well services. The Petrovietnam Drilling & Well Service Corporation (PV Drilling) has sent a rig to the Bir Seba oil field to drill tens of wells, recording progress, cost, and efficiency highly valued by the other two partners, he noted.
Talking to the Vietnamese engineers of the joint venture, Ambassador Khanh said this is one of the most successful overseas investment projects of Petrovietnam, pledging that his embassy will continue giving support so that the project will keep developing./.
VNA
