Vietsovpetro’s oil and gas production surpasses target

September 09, 2020 - 08:00

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

At Bạch Hổ field. — Photo VNA

HÀ NỘI — The Việt Nam-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 per cent higher than the target.

With oil priced at more than US$40 per barrel, Vietsovpetro said it would not face any pressure regarding capital for production, vietnamplus.vn reported.

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 Bạch Hổ field. The products exploited from BK21 will be transported to MSP6 via underground pipelines. The base of the oil rig was launched in May.

Manufacturing, installing, commissioning and putting the BK-21 platform into operation is an important milestone to increase oil and gas production and complete Vietsovpetro’s production plan for 2020. — VNS

Tags oil price

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

Economy

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

More on this story

Economy

Local ETFs draw foreign attention

The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on Tuesday issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million.

Economy

Financial, banking stocks drive market up

Shares overcame early losses on Tuesday, with financial stocks leading gains and supporting the market.

Economy

Techcombank raises foreign cap to allow foreign employees to buy shares

Private-quity lender Techcombank has raised foreign ownership limit to 22.5076 per cent from 22.4951 per cent.

Economy

Central city calls for $2 billion investment in 2021-25

Đà Nẵng has called for total investment of VNĐ47.5 trillion (US$2 billion) from the State Budget and foreign sources for the development of 38 projects between 2021-25, focusing on transport and traffic.

Economy

DIC Holdings Construction gets HoSE-listing approval

DIC Holdings Construction was founded in 1994 and operates in the fields of material trading, industrial construction, and project assessment.

Economy

Việt Nam Smart City Award 2020 launched

The Việt Nam Association for Software and IT Services (VINASA) on Monday launched the Việt Nam Smart City Award 2020 to promote the sustainable development of smart cities in the country.

Economy

Prime Minister welcomes Japanese firms’ investment in Việt Nam

The Vietnamese Government appreciates the role of the Japanese businesses for their responsible and efficient investment in Việt Nam, contributing to the State budget, environmental protection and care for workers, Prime Minister Nguyễn Xuân Phúc has said.

Economy

Nam Định’s IP welcomes projects worth over $200 million

A signing ceremony for land lease agreements took place at the Rạng Đông Textile Industrial Park - Aurora IP in Nghĩa Hưng District of the northern province of Nam Định late last week.

Economy

Over 7,000 C/O issued for exports to EU in August

More than 7,200 EUR.1 certificates of origin (C/O) were issued in August for goods exports to the EU worth US$227 million since the EU-Vietnam Free Trade Agreement (EVFTA) took effect last month, according to the Ministry of Industry and Trade (MoIT).