Vietsovpetro taps 200 millionth tonne of oil

Monday, 02 February 2015

The Vietnam-Russia oil and gas joint venture (Vietsovpetro) on Aug. 8 tapped the 200 millionth tonne of oil from two oil fields of Rong (Dragon) and Bach Ho (White Tiger) off the southern province of Ba Ria-Vung Tau.


    The event reflects great effort of Vietsovpetro’s staff in ensuring the safe and effective exploitation since the pumping of the first tonne of oil on June 26, 1986, affirming the traditional friendship between Vietnam and Russia .


    Since the joint venture was established in 1981, it has earned more than 60 billion USD from selling oil.

    In the past 30 years, Vietsovpetro has drilled over 1.8 million metres in 440 exploratory and operational wells, built more than 40 marine works and laid 600 km of pipes.

    From the beginning of this year, the joint venture has pumped 3.68 million tonnes of oil, accounting for 60 percent of the yearly plan. Its selling revenue achieved 80 percent of the yearly plan, with a total value of 3.32 billion USD.

Source: VNA