Vietsopetro aims to exploit 6.3 million tonnes of oil

The Joint Venture Vietsopetro has invested hundreds of millions of USD in modern drilling rigs, hoping to pump 6.3 million tonnes of oil in 2011.

In addition, the joint venture is using advanced technology to explore for gas and condensate in deep-water mines.

Since it was established 30 years ago, Vietsopetro has exploited 193 million tonnes of oil and 23 billion cubic metres of gas, ensuring Vietnam’s energy security and contributing billions of USD to the State budgets of Vietnam and Russia.

Dang Minh Hong, Secretary of Vietsopetro’s Party Committee, said it is crucial for Vietsopetro to explore new oil fields.

Vietsopetro is making every effort to fulfill its assigned tasks and contribute to protecting the country’s sovereignty over its sea and islands, he said.  -VOV

Tags: Vietsopetro

Posted by VBN on Aug 1 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry