Prime Minister Nguyen Tan Dung has proposed PetroVietnam and Vietsovpetro step up their exploration to increase oil and gas reserves, to ensure energy security, promote exports and increase State budget income.
PM Dung made the proposal at the celebration of the 30 th anniversary of the signing of an agreement between the Governments of Vietnam and the former Soviet Union on the building of Vietsovpetro, an oil and gas joint venture enterprise between
|Prime Minister Nguyen Tan Dung at the most modern oil drilling rig invested by VietsoPetro|
Nguyen Huu Tuyen, General Director of Vietsovpetro informed that during 30 years of implementation of the 1981 Inter-Governmental Agreement and the Vietnam-Soviet Union and Vietnam-Russia Agreements on oil and gas joint venture, the staff of Vietnam’s oil and gas sector had effectively cooperated with Soviet Union and Russian colleagues to develop Vietsovpetro into a leading oil and gas industrial establishment in the country.
Vietsovpetro has discovered 9 oil mines, explored 115,000 km oil line, dug out 327 exploiting wells and 71 oil exploring wells… Since the first ton of crude was extracted in 1986, the joint venture has tapped more than 193 million tons of crude oil ( worth US$ 54.3 billion ). Furthermore, Vietsovpetro also explored more than 23 billion cubic metres of associated gas ( worth US$ 4 billion ) , thus making important contributions to ensuring energy security for the nation and to exports and helping increase income for Vietnam and Russia’s State budgets ( worth US$ 34,4 billion ).
In 2011, Vietsovpetro continued to strive to explore more oil, and ian 2014 Vietsovpetro will make 7 million tons of natural gas. By that time, Vietsovpetro will also detect more new oil fields off shore and expand business oversea….
The activities of Vietsovpetro, which now has a staff of almost 7,000 people, including almost 180 MAs and PhD degree holders, helped to open a new development period for
The joint venture had become the focus of inventions and application of the latest technologies and human resources training for the country’s oil and gas sector.
With 30 years of oil and gas exploration and production, building oil and gas projects and conducting scientific research at sea and on the continental shelf, Vietsovpetro, together with the entire people and army, had made important contributions to affirming, preserving and defending
The 30-year operation of Vietsovpetro had contributed to fostering the traditional friendship and relations between the State and people of
Prime Minister Nguyen Tan Dung thanked the Government and people of the
He also commended Russian friends, particularly former
He suggested PetroVietnam and Vietsovpetro prioritize exploration activities in offshore areas of
The Company should also improve human resource quality and workers’ living conditions, he added.