Officially known as Vietnam Oil and Gas Corporation, PetroVietnam has developed rapidly since it was established in 1975, and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services.
Wholly-owned by the State, the corporation is vested with the entire oil and gas resources in Vietnam and entrusted with the responsibility of developing and adding value to these resources. PetroVietnam, since its inception, has grown into a fully integrated oil and gas entity engaged in a broad spectrum of petroleum and related value-adding business activities in both upstream and downstream sectors.
Today, with over 30 subsidiaries and associated companies, PetroVietnam operates not only within the boundaries of Vietnam but also in the global area.
Vietnam is the third-largest crude oil producer in Southeast Asia after Indonesia and Malaysia.
Latest PetroVietnam News
Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 and MD-04. The contracts were signed in Nay Pyi Taw, in the presence of the country's Energy Minister.... Tuesday, March 31, 2015
Eni's Ceo, Claudio Descalzi, yesterday signed in Hanoi with PetroVietnam President and Ceo, Do Van Hau, a Production Sharing Contract (PSC) for the exploration of the offshore Block 122. Block 122 covers an area of 6,900 sqkm in the Phu Khanh Basin, in waters depth up to 2,000 meters. The explo... Friday, June 27, 2014
KrisEnergy Ltd. announces that it has been awarded 100% working interest and operatorship of the production sharing contract ('PSC') for Block 115/09 offshore Vietnam. The block was awarded following negotiations between Vietnam Oil and Gas Group ('Petrovietnam') and KrisEnergy (Asi... Thursday, March 20, 2014
Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract that the plugging and abandonment of the 07/03-CD-1X exploration well drilled using the 'Ocean General' drilling rig has been completed and the rig has been released. ... Monday, March 17, 2014
All PetroVietnam News
The Board of Directors of Falcon Energy Group Limited wishes to announce that the Company has entered into a preliminary agreement with PetroVietnam Drilling & Well Service Corporation dated 24 January 2013 in relation to the setting up of a joint venture company in Singapore which may provide drill... Monday, January 28, 2013