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Vietnam Energy Forum

The domestic fields of PVEP were exploited stably with the flows higher than expected

 - PetroVietnam Exploration Production Corporation (PVEP) informed that in the first 7 months of 2021, the exploitation output of PVEP reached 2.07 million tons of oil equivalence, equal to 104% of the 7 month plan and 62% of the year plan. The production output in 7 months exceeded the plan because of the most of the domestic fields were exploited stably, with the flows higher than expected.

 

As for July 2021 PVEP finished 100% month plan with 0.30 million oil equivalence tons, among that oil and condensate were 0.21 million tons and gas – 90 million m3.  

Beside the domestic fields PVEP re-exploited Pirana field (Peru 67 lot) from March 20, 2021.

The fields that finished/exceeded 7 month plans include Lion (15-1 lot), White Rhino (16-1 lot), Sturgeon (09-3/12), PM3 CAA & 46CN lot, Bir Seba (433a & 416b lot).

Besides, the exploratory/development activities continuously deployed with ensuring investment legal procedures and safety in sphere of PVEP finance – capital arrange.

Due to the oil price stabilization, PVEP reached the turnovers of 2,489 billion VND in July and 17,061 billion VND in the first months of 2021, equal to 146% of 7 month plan and 86% of the year plan; State budget payment of 678 billion VND in July, and 4,336 billion VND in 7 months, equal to 154 % of 7 months and 90% of the year plan.

VER.

 

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