RSS Feeds for Reserve offset May 06, 2024 03:24
Vietnam Energy Forum
For the first time, the 'reserve offset' factor of PVN has reached 1.19 times since 2016

For the first time, the 'reserve offset' factor of PVN has reached 1.19 times since 2016

Information from the Vietnam Oil and Gas Group (PVN) said: With the drastic implementation of "The package of solutions to cope with the double impact of the Covid-19 pandemic and deeply falling oil prices", in recent 6 months, PVN all activities were ensured safely and for the first time since 2016 the 'reserve offset' factor (between increasing reserves and production) reached 1.19 times - safety level for sustainable development.