dang nhap 188bet Vietsovpetro: “Flagship” in Russia – Vietnam cooperation on energy

Central technology rig No. 2 of Bach Ho field.  Photo: Vietsovpetro

This year Russia and Vietnam will celebrate dang nhap 188bet 40th anniversary of dang nhap 188bet establishment of dang nhap 188bet joint venture in geological exploration and oil and gas production on dang nhap 188bet southern continental shelf of Vietnam (Vietsovpetro) and dang nhap 188bet 35th anniversary of dang nhap 188bet start of industrial oil production in oil and gas fields.

During dang nhap 188bet past four decades, dang nhap 188bet Joint Venture has remained dang nhap 188bet flagship of Russia-Vietnam cooperation in dang nhap 188bet energy sector, making a great contribution to strengthening bilateral economic and trade relations. Activities of Vietsovpetro have always been paid great attention by dang nhap 188bet leaders of Russia and Vietnam and often discussed in meetings and negotiations at dang nhap 188bet high and highest levels. 

dang nhap 188bet establishment of action coordination between Russia and Vietnam in dang nhap 188bet oil and gas sector is one of dang nhap 188bet glorious pages in dang nhap 188bet history of relations between our two countries. 

In dang nhap 188bet 70s of dang nhap 188bet last century, Western companies conducted geological exploration activities on dang nhap 188bet continental shelf of South Vietnam, but did not discover oil and gas resources. 

Soviet experts, following dang nhap 188bet results of a thorough analysis of similar documents, recommended conducting in-depth surveys and more specific studies of seismic surveying and drilling data.

On 19th June 1981, dang nhap 188bet Soviet-Vietnamese Intergovernmental Agreement was signed on dang nhap 188bet establishment of Vietsovpetro and five years later it began to produce industrial oil in oil fields.

During those difficult years, there were many pessimists who expressed doubts about dang nhap 188bet success of our common cause. However, dang nhap 188bet Soviet and Vietnamese experts honorably completed dang nhap 188bet task that had been set.

In 1988, at dang nhap 188bet foundation of Bach Ho field, large “black gold” seams were discovered. dang nhap 188bet discovery became an important milestone in dang nhap 188bet development of Vietnam’s oil and gas industry. dang nhap 188bet peculiarity of dang nhap 188bet extraction was that dang nhap 188bet oil was pumped up not from dang nhap 188bet sedimentary rocks but from dang nhap 188bet basement of dang nhap 188bet earth’s crust.

During that period, Vietsovpetro’s experts applied a relatively bold technology that is now widely used by leading oil and gas companies in dang nhap 188bet world. 

During its operation in Vietnam, Vietsovpetro has organized dang nhap 188bet basic survey of oil and gas reserves on dang nhap 188bet continental shelf of dang nhap 188bet Socialist Republic of Vietnam and conducted geological exploration activities on a large scale.
Nine fields have been opened with a reserve volume of 300 million tons. Modern production infrastructure has been built offshore and onshore, and a system of oil and gas drilling, production, storage, transportation and export has been established. More than 800 km of pipelines have been put into operation and about 500 drills have been carried out.

dang nhap 188bet multi-ethnic group of dang nhap 188bet Joint Venture regularly researches and implements to increase dang nhap 188bet effectiveness of dang nhap 188bet Joint Venture in dang nhap 188bet field of drilling and repairing wells, designing and building communication systems and hydrotechnical works and at dang nhap 188bet same time optimize dang nhap 188bet production process.

A great attention has been paid to dang nhap 188bet addition of dang nhap 188bet reserve base, dang nhap 188bet renewal of technological equipment, and dang nhap 188bet improvement of dang nhap 188bet professional qualifications of dang nhap 188bet staff.

dang nhap 188bet operation of Vietsovpetro makes a great contribution to strengthening dang nhap 188bet fuel-energy complex of dang nhap 188bet Socialist Republic of Vietnam, ensuring energy security for dang nhap 188bet country and revenue to dang nhap 188bet state budget, creating more jobs, promoting dang nhap 188bet development of supporting industries and scientific fields. 

According to dang nhap 188bet criteria of economic efficiency, dang nhap 188bet joint venture is occupying a worthy position not only in dang nhap 188bet Vietnamese market but also in dang nhap 188bet world in general. 

dang nhap 188bet Joint Venture’s share accounts for more than a third of all oil production and nearly 15% of natural gas. Over dang nhap 188bet past 35 years, dang nhap 188bet Joint Venture has produced more than 240 million tons of oil and gas. 

As of March 2021, dang nhap 188bet revenue from oil and gas consumption is 86.7 billion USD, total revenue to dang nhap 188bet budget of dang nhap 188bet Socialist Republic of Vietnam is 52.6 billion USD. 

dang nhap 188bet efficient management and smoothness in dang nhap 188bet production process have allowed Vietsovpetro to operate sustainably even in dang nhap 188bet context of a pandemic of dang nhap 188bet new strain of corona virus without harming health and success of dang nhap 188bet joint venture’s employees.

According to dang nhap 188bet results in 2020, dang nhap 188bet volume of oil extracted was 3.4 million tons, an increase of 9% compared to dang nhap 188bet criteria in dang nhap 188bet plan, brought ashore about 1.2 billion m3 of gas, revenue was 1.14 billion USD.

Today Vietsovpetro is a large united team of professionals who is loyal to dang nhap 188bet cause.  

There are 16 units in dang nhap 188bet Joint Venture that explore, produce and transport oil and gas, research and design solutions of innovation and environmental protection. About 8 thousand people are working in dang nhap 188bet Joint Venture. 

Conditions have been established for dang nhap 188bet training and professional development of dang nhap 188bet staff, for their personal promotion and full meaningful rest. 

At dang nhap 188bet Joint Venture, a special company culture has been formed, allowing Russian and Vietnamese experts to smoothly and efficiently carry out dang nhap 188bet set tasks and achieve high economic criteria. 

Until today, Vietsovpetro as before is still among dang nhap 188bet most important items in dang nhap 188bet Russia-Vietnam coordination of actions and is making a great contribution to strengthening dang nhap 188bet comprehensive strategic partnership between Russia and Vietnam.

dang nhap 188bet results that have been achieved are a clear confirmation of a meticulous, delicate and selfless activity of dang nhap 188bet Russian and Vietnamese experts, of dang nhap 188bet friendship and mutually beneficial cooperation between our two countries. 

On this occasion, I would like to congratulate dang nhap 188bet leaders and multi-ethnic workforce of Vietsovpetro on dang nhap 188bet occasion of dang nhap 188bet great anniversaries, wish you all good health and new achievements in production./.