Vietsovpetro’s oil and gas production surpasses target hinh anh 1Illustrative image (Photo: VNA)
Hanoi (VNA) - The Vietnam-Russia oil and gas joint venture Vietsovpetro has announced that oil and gas exploitation reached 2.1 million tonnes in the first eight months of this year, 7.3 percent higher than the target.

With oil priced at more than 40 USD per barrel, Vietsovpetro said it will not face any pressure regarding capital for production.

Superstructure blocks of the BK-21 oil rig were launched on the first day of September.

BK-21 rig is an uninhabited wellhead platform located near the MSP6 and MSP7 fixed platforms in the Bach Ho field. Products exploited from BK21 will be transported to MSP6 by underground pipelines. The base of the oil rig was successfully launched in May.

Manufacturing, installing, commissioning, and putting the BK-21 platform into operation is an important milestone in increasing oil and gas production and ensuring the completion of Vietsovpetro’s production plan in 2020./.