PVEP exceeds nine-month oil exploitation target

The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.6 million tonnes of oil equivalent in the first eight months of this year, surpassing the target by 2 percent and equivalent to 68 percent of the yearly plan.

The corporation said its total oil output reached 1.83 million tonnes, and gas, 772 million cubic metres, exceeding the set goals of 2 percent and 1 percent, respectively.

To complete the yearly target, PVEP will continue to work with operators to review and update methods in order to increase its exploitation.

At the same time, relevant units will further roll out technical measures to resume the corporation’s exploitation at Platform DH-01 before November 1.

Source: Vietnam News Agency