Bien Dong Petroleum Operating Company (Biendong POC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has reported that its revenue in the first six months of 2021 exceeded the set plan by four percent.
Hanoi (VNA) - Bien Dong PetroleumOperating Company (Biendong POC),a subsidiary of the Vietnam Oil and Gas Group(PetroVietnam), has reported that its revenue in the first six months of 2021exceeded the set plan by four percent.
The company’s gas exploitation output reached41 percent of the yearly plan.
After nearly eight years of operation, Biendong POC’s total accumulatedrevenue hit 3.88 billion USD, 311 million USD higher than the combined investmentand operation cost.
With synchronous measures, Biendong POC has overfulfilled most of its targetsin the period.
The application of modern technology in management and administration as wellas production has helped the firm improve its production and businessactivities despite complicated developments of the COVID-19 pandemic.
According to Sergey Raykhert from Gazprom, its partner, Biendong POC has safelyand effectively operated rigs amid difficulties caused by the COVID-19 pandemicin the first half of 2021.
General Director of Biendong POC Ngo Huu Hai said the enterprise will continue withcomprehensive solutions to ensure its stable operation in the remaining monthsof the year./.
The Forbes Vietnam magazine recently placed PetroVietnam Gas Joint Stock Corporation (PV GAS) second in terms of after-tax profit and fourth in revenue among top 50 listed companies in 2019 in its rankings.
As Storm Molave, the most powerful in 20 years, is fast approaching Vietnam, subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam or PVN) which are located in areas vulnerable to the storm, have proactively taken measures to protect oil and gas projects and assist local communities when necessary.
Bien Dong Petroleum Operating Company (Biendong POC) has set a Guinness Vietnam record by organising flag-salute ceremonies at the farthest oil and gas platform from the mainland.
The Vietnam Oil and Gas Group (PetroVietnam) has maintained its good production and business, with many targets overfulfilled, during the first two months of this year.
The Vietnam Oil and Gas Group (PetroVietnam), one of the first state-owned enterprises lauching their vaccination scheme for workers, is drastically implementing the work to ensure the health of employees and uninterrupted business and production.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Illustrative image (Photo: VNA) 
