Biendong POC exceeds revenue target in H1

Bien Dong Petroleum Operating Company (Biendong POC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has reported that its revenue in the first six months of 2021 exceeded the set plan by four percent.

The company’s gas exploitation output reached 41 percent of the yearly plan.

After nearly eight years of operation, Biendong POC’s total accumulated revenue hit 3.88 billion USD, 311 million USD higher than the combined investment and operation cost.

With synchronous measures, Biendong POC has overfulfilled most of its targets in the period.

The application of modern technology in management and administration as well as production has helped the firm improve its production and business activities despite complicated developments of the COVID-19 pandemic.

According to Sergey Raykhert from Gazprom, its partner, Biendong POC has safely and effectively operated rigs amid difficulties caused by the COVID-19 pandemic in the first half of 2021.

General Director of Biendong POC Ngo Huu Hai said the enterprise will continue with comprehensive solutions to ensure its stable operation in the remaining months of the year.

Source: Vietnam News Agency