Joint venture set to commission two oil rigs in Q4
Vietnam-Russia oil and gas joint venture Vietsovpetro is speeding up the building of marine constructions and aiming to put RC-RB1 and RC-10 rigs of the Dragon oilfield into operation in the fourth quarter of this year.
Hanoi (VNA) – Vietnam-Russia oil and gas jointventure Vietsovpetro is speeding up the building of marine constructions andaiming t✃o put RC-RB1 and RC-10 rigs 🃏of the Dragon oilfield into operation inthe fourth quarter of this year.
The venture is also preparing for its RC-8 and BK-22 projectswhile awaiting for approval. Vietsovpetro is assigned to exploit over 2.9 million tonnesof oil equivalent and 65.4 million cu.m of natural gas this year. The operationof the oil rigs as scheduled is hoped to raise the venture’s targetoutput for 2022 and the years to come. It is also working to improve equipment supply efficiency formarine constructions and bolster inspection to prevent wastefulness.
Vietsovpetro engineers work in an oil rig (Photo: Vietnam Oil and Gas Group)
Safety measures are also in place together with theapplication of new technology in a bid to increase oil output and recovery. Vietsovpetro will build digital transformation plans for the2022-25, adopt measures on human resources management and arrange in-depth trainingto build expert contingent. The venture is setting up a domestic supply chain for the wind powerindustry to enhance business efficiency as well as create jobs for workers,contributing to Vietnam’s energy transition. It is planning to seek permission of the Government andrelevant agencies to engage in offshore wind power. In January, Vietsovpetro’s oil and natural gas outputssurpassed its targets by 3.6 percent and 13.6 percent, respectively./.
Vietnam-Russia oil and gas joint venture Vietsovpetro on November 24 held an online ceremony to welcome the first flow of oil extracted from BK-18A and BK-19 oil rigs.
The Vietnam – Russia oil and gas joint venture Vietsovpetro aims to exploit over 2.9 million tonnes of oil equivalent and 65.4 million cu.m of natural gas next year, according to the company.
Vietnam-Russia oil and gas joint venture Vietsovpetro has exceeded the production and financial targets for 2021 with profits for both sides was 282.5 million, or 73.2 percent higher than the set plan.
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Oil rigs in Vietnam (Photo: VNA) 
Vietsovpetro engineers work in an oil rig (Photo: Vietnam Oil and Gas Group) 
