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Vietnam Energy Forum

Identifying challenges at the East Sea Petroleum Operation Company in 2023

Identifying challenges at the East Sea Petroleum Operation Company in 2023
According to the forecast of analyzing the factors affecting production and business activities in 2023 of the Vietnam Petroleum Group (PVN) Branch - the East Sea Petroleum Operation Company (BIENDONG POC) the operation area in petroleum researching, exploring, and exploiting (E&P) in recent years were narrowed and not improved yet in 2023 due to the complex of the East Sea situation. The increase of the petroleum reserves in the immediate and long-term faces many difficulties.
The Conclusion of the MoIT on deploying the Block B – O Mon gas-electricity project chain

The Conclusion of the MoIT on deploying the Block B – O Mon gas-electricity project chain

The Ministry of Industry and Trade (MOIT) issued Document No 284/TB-BCT, dated November 28, 2022 about the conclusion of Deputy Minister Dang Hoang An on deploying the Block B – O Mon gas-electricity project chain.
PVEP and VSP signed the EPCI contract for Phase 3, Lot 05 1a, Dai Hung Field Development Project

PVEP and VSP signed the EPCI contract for Phase 3, Lot 05 1a, Dai Hung Field Development Project

The Vietnam Oil and Gas Group (PVN) informed that On November 23, 2022, in Vung Tau city, the Domestic Petroleum Exploration and Production Company (PVEP POC) under the Petroleum Exploration Production Corporation (PVEP) and Vietnam - Russia Joint Venture (Vietsovpetro - VSP) signed an EPCI contract (Engineering, Procurement, Construction and Installation) for Phase 3, Lot 05 1a of the Dai Hung field development project. (The Enterprise of Oil and Gas Construction, Survey and Repair Exploitation is assigned by Vertical Seismic Profile (VSP) to implement this project).
PVN finished the 2022 plan on the crude oil exploitation 2 months and 9 days ahead of schedule

PVN finished the 2022 plan on the crude oil exploitation 2 months and 9 days ahead of schedule

Vietnam Oil and Gas Group (PVN) informed that PVN finished the 2022 plan for crude oil exploitation with 8.74 million tons on October 22, 2022, 2 months and 9 days ahead of schedule. In a general total of 10 months, PVN exploited 9.03 million tons, exceeding 3% of the 2022 year plan and equaling 99.4 % of the amount in the same period in 2021.
Starting construction of liquefied natural gas (LNG) supply station in Long An

Starting construction of liquefied natural gas (LNG) supply station in Long An

At Thuan Dao Industrial Park, Long An Province, Vietnam CNG Joint Stock Company held a Ceremony for starting the construction of a liquefied natural gas (LNG) supply station.
PVN General Director worked at Rusvietpetro Field (Russian Federation)

PVN General Director worked at Rusvietpetro Field (Russian Federation)

In a mission to the Russian Federation (from September 19 to 23), Mr. Le Manh Hung - General Director of the Vietnam Oil and Gas Group (PVN) and the delegates had a visit and working meeting at the oil and gas fields blocks under the Rusvietpetro Joint Venture a joint venture between PVN and Zerubrezhneft, in the Russian Federation.
Prime Minister Pham Minh Chinh worked with Vietnam Oil and Gas Group

Prime Minister Pham Minh Chinh worked with Vietnam Oil and Gas Group

On September 11, in Hanoi, Prime Minister Pham Minh Chinh worked with the Vietnam Oil and Gas Group (PVN) to assess the world energy situation, forecast the upcoming situation and determine the roles and tasks solutions to speed up the implementation of a number of key projects, handle difficulties, problems and recommendations of PVN.
The investors from Thai Lan proposed to develop a petrochemical center in Thua Thien Hue province

The investors from Thai Lan proposed to develop a petrochemical center in Thua Thien Hue province

Information from Thua Thien Hue Provincial People's Committee (PPC) said that the leaders of Sermsang Group, AGR Group and ETS Holding Co., Ltd (Thailand) had a meeting with Mr. Le Truong Luu, Secretary of Thua Thien Hue Provincial Party Committee and other leaders with a proposal to invest in a petrochemical center in Thua Thien Hue province.
Assessing the status of implementing 'value chains' in the Vietnam Oil and Gas industry

Assessing the status of implementing 'value chains' in the Vietnam Oil and Gas industry

The Vietnam Oil and Gas Group (PVN) informed that Mr. Le Manh Hung - General Director has just chaired a meeting about the status of implementing ‘value chains’ in Vietnam Oil and Gas industry. At this meeting, PVN and its member units assessed the status of implementing recent ‘value chains’ and discussed and unified forward achieving goals.
Successful launching the superstructure block of CTC-2 rig at Ca Tam field

Successful launching the superstructure block of CTC-2 rig at Ca Tam field

At the construction site of Vietsovpetro Port, the Vietnam - Russia Joint Venture Vietsovpetro (NDH) has launched the superstructure block of Ca Tam 2 (CTC-2) rig for installation at the Ca Tam field in Lot 09-3/12, in about 160 km southeast of Vung Tau City.
Proposal to invest in an oil refinery complex and Vietnam's national crude oil and petroleum storage depot

Proposal to invest in an oil refinery complex and Vietnam's national crude oil and petroleum storage depot

In fact, Because the capacity for producing gasoline and oil products is much lower than its consumption demand, Vietnam still has to spend billions of dollars to import petrochemical products for domestic demand and according to the demand forecast, Vietnam will lack a large amount of gasoline and oil products in the future...
Collecting opinions on the Petroleum Law (amended) before submitting it to the National Assembly for approval

Collecting opinions on the Petroleum Law (amended) before submitting it to the National Assembly for approval

On August 2, in Da Nang City, the Economic Committee of the National Assembly (NA) in collaboration with the Ministry of Industry and Trade held a workshop to collect opinions on the Petroleum Law (amended) for further improving the draft Law to submit to the National Assembly for considering and approving it at the next fourth session. This is an important bill, expected to establish a fully worked-out and synchronous legal framework for promoting and developing petroleum activities. Especially for restoring the attractiveness of the investment environment in the petroleum sector and not wasting the national fossil resources.
Signing a MoU on investment in Quang Yen Stavian Petrochemical Plant Project

Signing a MoU on investment in Quang Yen Stavian Petrochemical Plant Project

At the Quang Ninh Provincial Investment Promotion Conference in 2022 "Converging and Spreading", the Representative of Quang Ninh Provincial People's Committee (PPC) signed a memorandum of understanding (MOU) on investment in Quang Yen Stavian Petrochemical Plant project (valued 1.5 billion USD) for Quang Yen Stavian Petrochemical Joint Stock Company and Bac Tien Phong Industrial Park Joint Stock Company.
Petrovietnam and Sembcorp promote energy transformation in Vietnam

Petrovietnam and Sembcorp promote energy transformation in Vietnam

Attending the meeting on Sembcorp’s side were Mr. Jaya Ratnnam - Singapore Ambassador to Vietnam; Mr. Koh Chiap Khiong - General Director of Sembcorp Southeast Asia; Ms. Pham Thu Hang - General Director of Vietstar Training and Consulting Joint Stock Company, Director of Vietnam - Singapore High Level Forum; with the leaders of Sembcorp’s divisions. On the side of Petrovietnam, there was Mr. Bui Minh Tien - member of the Board of Directors; Mr. Pham Tien Dzung - Vice President; Mr. Nguyen Duy Giang - Deputy General Director of Petrovietnam Power Corporation (PV Power); together with representing leaders of the Group’s Divisions/ Administration Office.
The opportunities and challenges for LNG market development in Vietnam

The opportunities and challenges for LNG market development in Vietnam

In order to meet the increasing market demand from power plants, industrial and civil customers, while domestic gas sources are on the decline, the import of LNG to make up for the shortfall The shortfall is a necessary solution to ensure national energy security and serve the country's development.
PVN proposal on participation of the US partner in the Long Son Petrochemical Complex project

PVN proposal on participation of the US partner in the Long Son Petrochemical Complex project

Exchanging with Mr. Douglas Kelly - Chairman of USA Kellogg Brown & Root Technology Solutions Company (KBR) on June 6, in Hanoi, Mr. Hoang Quoc Vuong, Chairman of the Member Council Board of Vietnam Petroleum Group (PVN) proposed KBR apply a number of new technologies and technical solutions in the project of upgrading and expanding Dung Quat Oil Refinery plant, as well as participating in the investment to develop the Long Son Energy and Petrochemical Complex.
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