Wednesday, 09/11/2016 06:19 (GMT+7)
Over the past 35 years, the Vietnam –- Russia Joint Venture Vietsovpetro (VSP) has exploited over 220 million tons of crude oil from Bach Ho (White Tiger) and Rong (Dragon) oilfields, while Vietsovpetro turnover has reached over USD74 billion, with contribution to the State budget of nearly USD47 billion and profits for the Russian side of USD9.4 billion.
Vietsovpetro has constructed a complete complex of tanks and dock warehouses as well as the technological system to maintain the exploitation of oil and gas, which includes 14 fixed drilling rigs and 26 light rigs. In 2016, Vietsovpetro strives to exploit 2.461 million tons of oil and gain oil sales of over USD1 billion.
Vietsovpetro’s reaching of 220 million tons of crude oil has made important contribution to the development of the two economies, making the joint venture a symbol of friendship and traditional cooperation between Vietnam and the Russian Federation.
The technological drill in Bach Ho field
Vietnamese engineers operate the gas compressor system on Bach Ho field.
Over the past 35 years, Vietnamese and Russian engineers have worked together to exploit over
220 million tons of crude oil from Bach Ho and Rong fields.
Vietnamese engineers have mastered technologies in managing the operation and maintenance of equipment and devices.
Apart from Bach Ho field, Vietsovpetro is conducting exploratory drilling on new fields, including Meo Trang (White cat) and Tho Trang (White rabbit) which have high industrial reserves.
Vietsovpetro continues to increase exploratory drilling.
High quality human resources master domestic and foreign oil and gas operations.
Each year, PetroVietnam Ca Mau Fertilizer Joint Stock Company provides 800,000 tons to the market.
Exploitation of energy from the sea makes important contribution to the economic development of the two countries.
BTA (Photos: nhandan.com.vn)