PVN announces two new oil and gas fields

May 06, 2024 - 22:04

The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Dien Bien Phu Victory (May 7).

Vietsovpetro's oil rigs in Bach Ho field. - VNA/VNS Photo

HÀ NỘI – The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rồng and Bunga Aster, which coincided with the 70th anniversary of the historic Điện Biên Phủ Victory (May 7).

The Rong field lies within Block 09-1, specifically well R79. Preliminary assessments suggest an estimated potential increase of 16.5 million barrels of oil there.

Meanwhile, Bunga Aster field belongs to the Block PM3 CAA of well BA-1X which has been put into operation since May 5, with an initial production rate of about 2,100 barrels per day.

Petrovietnam President Lê Mạnh Hung asked units and operators in the exploitation and processing sector to further optimise new management methods, maintain the goals of 2024 and beyond, contributing significantly to ensuring energy security and national economic development. - VNS

PetroVietnam sees strong growth in Q1

In March, the company witnessed significant growth in all key production indicators, with daily oil production reaching its highest level of the year.

Economy

Petrovietnam kicks off 2024 with many positive results

In January 2024, most of Petrovietnam's main production targets were completed and exceeded.

Economy

Petrovietnam sets ambitious goals for 2024

Petrovietnam has aimed for higher targets in 2024 to ensure continuous growth and sustainable development.

Economy

Petrovietnam’s revenue hits record in October despite falling petrol prices

Economy

Petrovietnam exceeds 9-month targets amid economic challenges

The total revenue of the entire Petrovietnam for the first nine months is estimated at VNĐ643.2 trillion (US$26.8 billion), exceeding the 9-month plan by 26 per cent.

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

Economy

World Bank outlines path for Việt Nam to reach high income status

Economy

Việt Nam vows to create favourable conditions for Korean investors

Economy

Aeon Mall to be built in Cần Thơ City

Economy

Cyberattack risks surge with AI advancements

More on this story

Economy

Vietnamese culture, handicraft products attract visitors at Paris Fair 2024

Vietnamese businesses are taking part in the Foire de Paris (Paris Fair) in the capital of France, a showcase of culture and food from around the world that runs from May 1-12.

Economy

Inventories recover, causing coffee prices to drop sharply

On May 6, coffee prices stood at about VNĐ100,000 per kg, thus, they declined about VNĐ30,000 per kg in less than one week.

Economy

Bắc Ninh Industrial Parks attract nearly $1 billion in investment in first four months of 2024

Bắc Ninh Industrial Parks attracted a total of US$997.1 million in foreign direct investment (FDI) capital and over VNĐ3.6 trillion in domestic capital in the first four months of this year.

Economy

Pepper exports hit $353 million in four months amidst soaring prices

Ending April, pepper exports reached 83,783 tonnes, worth $353 million, marking a decrease of 18.3 per cent in volume but an increase of 11.5 per cent in value year-on-year.

Economy

National coal group posts $2.24 billion in revenue in four months

During the period, the corporation mined 13.72 million tonnes of coal, up 2 per cent from the same time last year, and generated 3.42 billion kWh of electricity, or 6 per cent higher than its set plan.