Tê Giác Trắng oil field reaches production milestone of 100 million barrels

June 27, 2022 - 10:23

Tê Giác Trắng (White Rhino) oil field has officially reached a production milestone of 100 million barrels of crude.

At Tê Giác Trắng (White Rhino) oil field. — VNA/VNS Photo

HÀ NỘI — Tê Giác Trắng (White Rhino) oil field has officially reached a production milestone of 100 million barrels of crude.

The field is situated in Block 16-1, about 100km southeast of the southern Vũng Tàu City.

Its commercial development was announced in September 2009.

The new milestone has turned its operator – the Hoàng Long - Hoàn Vu Joint Operating Company (HLJOC) – into one of the five oil companies on the Vietnamese continental shelf making such record.

The HLJOC was established by PetroVietnam Supervision Company (PVSC), SOCO Vietnam Ltd. (SOCO), Amerada Hess Vietnam Ltd. (HESS), and OPECO Vietnam Ltd. (OPECO). — VNS

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

Economy

Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry

Economy

Hà Nội buzzes with year-end shopping opportunities

Economy

PM asks efforts to achieve more than 8 per cent economic growth in 2025

Economy

AEON Vietnam boosts recruitment and expansion in 2025

More on this story

Economy

Mobile malware up in Việt Nam

Along with a surge in the number of mobile phone users accessing the Internet, there has been an increase in the number of mobile malware targeting Vietnamese users, according to the global cybersecurity company Kaspersky.

Economy

Higher standards help boost Central Highlands agricultural exports

Tây Nguyên (Central Highlands) Agriculture exports have grown as the region meets international export standards and invests in high-tech packaging facilities.

Economy

Fee reductions offer little benefit to maritime firms

The Vietnam Maritime Administration (VMA) has sent a report to the Ministry of Transport (MoT), assessing the possible impact of reduced fees on Vietnamese maritime firms amid mounting fuel prices.

Economy

National promotion month to begin in mid-November

Vietnam Grand Sale 2022, the annual national promotion month programme, is set to take place nationwide from November 15 to December 22.

Economy

MHT at forefront of global megatrends

Craig Bradshaw, CEO of Masan High-Tech Materials Corporation (MHT), shared the company's vision to become a leading integrated supplier of advanced high-tech materials critical to global innovation, and his thoughts on being the operator of the firm with the biggest tungsten deposits, at Núi Pháo Mining in Thái Nguyên, northern Việt Nam.

Economy

VCCI comments on draft amending Circular 12

As the State Bank of Vietnam is gathering comments on a draft amending Circular 12 on eligibility requirements for unguaranteed firms to take out foreign loans, the Vietnam Chamber of Commerce and Industry has suggested several modifications to the document.

Economy

SBV to tighten lending with stricter standards

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources.

Economy

Positive signals support investors' mood this week

The stock market fell for a third week in the row, but the benchmark remained at the previous bottom of 1,150-1,160 points. Experts said that this is a positive signal helping strengthen investors’ sentiment this week.

Economy

Đà Nẵng City calls for investment

The Government of Việt Nam will keep following reform policies in administrative procedure, legal environment, more transparency and publicity in creating trusts and confidence among domestic and foreign businesses investing in Việt Nam and Đà Nẵng with the win-win target.