Vietsovpetro posts gas output of 50 billion cu.m

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Asean Affairs October 4 2017

Vietsovpetro posts gas output of 50 billion cu.m

Vietsovpetro, a giant oil and gas joint venture, posted gas output of 50 billion cu.m after 30 years of operation on Sunday.

Of these, 180 billion cu.m of gas was provided through oil extraction using gas compression technology (gaslift) at Bach Ho-Rong, Tho Trang and Nam Rồng-Đồi Mồi oilfields.

The remaining 32 billion cu. m of gas was compressed by Vietsovpetro ashore, providing for gas and gas industry clusters, such as Phu My Fertilizer Plant, Nhơn Trạch 1, 2, 3, Bà Rịa Power Plant.

Vietsovpetro and members of the Viet Nam National Oil and Gas Group (PetroVietnam) have improved the effectiveness of oil exploitation and usage, contributing to the national energy security.

It has operated gas exploitation, disposal and safe and effective compression, as well as collected all the associated gas at oilfields in the Mekong basin and a part of Nam Côn Sơn basin.

The first gas flow from White Tiger oil field was taken to shore on May 3, 1995. The total compressed air reached one billion cu.m on May 15, 1998. The total compressed air was 20 billion cu.m on March 25, 2008, then up to 30 billion cu.m on October 25, 2011. The total output was 45 billion cu.m on April 15, 2015.

Vietsovpetro was Viet Nam’s first international joint venture to explore oil on the continental shelf and was founded by State-owned Việt Nam Oil and Gas Corporation and Russia’s Zarubezhneft.

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