News
News

News

Updates, stories and category highlights from Petrovietnam.

​​​​​​​PM3 CAA: A Vital Energy Source Breathing New Life into Vietnam’s Southernmost Region 08/04/2025

​​​​​​​PM3 CAA: A Vital Energy Source Breathing New Life into Vietnam’s Southernmost Region

More than 30 years after the commercial exploitation agreement between Vietnam and Malaysia was signed for the PM3 block, natural gas from the PM3 Commercial Arrangement Area (CAA) has been brought ashore and effectively utilized to boost Vietnam’s socio-economic development. It has invigorated the southernmost region of the country and contributed significantly to the growth of the Mekong Delta.

​​​​​​​Petrovietnam Implements Key Provisions of the 2022 Petroleum Law 02/04/2025

​​​​​​​Petrovietnam Implements Key Provisions of the 2022 Petroleum Law

In accordance with the 2022 Petroleum Law (effective from July 1, 2023) and with government approval, on March 31, 2025, Petrovietnam signed a Petroleum Sharing Contract (PSC) for Block 15-2 in the Cuu Long Basin. The contract was signed in collaboration with the contractor consortium, including Japan Vietnam Petroleum Company Limited (JVPC)—a wholly owned subsidiary of ENEOS Xplora, Japan—and Petrovietnam Exploration Production Corporation (PVEP).

PV Drilling 11 completes its pioneering mission 31/03/2025

PV Drilling 11 completes its pioneering mission

The land rig PV DRILLING 11 has spent 17 years pioneering its way to the ocean and achieving numerous successes in the North African market, making a significant contribution to actualizing the vision of “Becoming a reliable and reputable oil and gas drilling contractor and technical service provider worldwide”. Currently, the PV DRILLING 11 has successfully completed its mission and concluded its pioneering journey.

Petrovietnam Enhances Economic and Trade Cooperation with US Partners 31/03/2025

Petrovietnam Enhances Economic and Trade Cooperation with US Partners

During an official visit to the United States, Vietnam's Minister of Industry and Trade, Nguyen Hong Dien, led a working delegation—including representatives from Petrovietnam Group and its subsidiaries—to engage with the US Trade Representative (USTR), the Department of Energy (DOE), and other relevant agencies. As part of this trip, Petrovietnam and its member units signed several economic and trade cooperation agreements with US partners.