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On the occasion of accompanying National Assembly Chairman Vuong Dinh Hue to pay an official visit to the Republic of India, on the afternoon of December 16, 2021, Mr. Le Manh Hung - General Director of Vietnam Oil and Gas Group (PVN) had a meeting with Mr. Rajesh Kamath - CEO of Thyssenkrupp Group, India branch (Thyssenkrupp Industrial Solutions - TKIS). At the meeting, the two sides discussed opportunities to expand fields in the following stages of the oil and gas industry such as: petrochemical refining technology, fertilizers, fiber, green energy...

Vietnam National Oil and Gas Group (PetroVietnam) strives to develop the oil and gas industry into the country’s most important economic-technical sector by finding solutions and technologies for oil and gas exploration, exploitation, and processing.

Eni Vietnam B.V Operator has carried out 2 seam space test, collecting extensive data on fluid samples showing significant hydrocarbon accumulation at the Ken Bau discovery, estimated from 7 to 9 trillion cubic feet (TCF) of natural gas on the spot and about from 400 to 500 million of condensate barrels. The above oil and gas estimate reserve from 114- Ken Bau- 2X qualifying well is a historical discovery of the Vietnam Oil and Gas industry so far.

The oil and gas industry meets about 40 percent of Vietnam’s primary energy demand and plays a crucial role in the country’s national energy security. However, the sector is facing difficulties due to regulations and policies that no longer satisfy its actual development demands.

The Office of the Government has just issued Document No. 6888 / VPCP-CN dated July 20, 2018 signed by the Minister, Chairman of the Government Office Mai Tien Dung to convey the opinions of the Prime Minister Nguyen Xuan Phuc for thanking the scientists and Vietnam Energy Magazine for "scientific comments and solutions to improve the efficiency of Vietnam oil and gas industry in the coming period".