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Updates, stories and category highlights from Petrovietnam.

Solutions to oil and gas exploration and production in 2021- 2025 period 29/03/2023

Solutions to oil and gas exploration and production in 2021- 2025 period

On 10th March in Ho Chi Minh City, Vietnam National Oil and Gas Group (Petrovietnam) held the Oil and Gas Exploration and Production Conference 2023 in order to implement the exploration and production plan in 2023 and solutions for the medium-term period (2023 - 2025) to successfully implement the plan to increase the reserves and production output for the period of 2021-2025.

Petrovietnam signs framework agreement on Gas Sale Contract for O Mon II Thermal Power Plant Project 23/02/2023

Petrovietnam signs framework agreement on Gas Sale Contract for O Mon II Thermal Power Plant Project

With the attention and direction of the Prime Minister, after a period of active negotiations, on 22nd February 2023, the signing ceremony of the Framework Agreement on Gas Sale Agreement (GSA) for O Mon II Thermal Power Plant Project took place in Hanoi between Vietnam National Oil and Gas Group (Petrovietnam) and the Joint Venture of Marubeni Corporation and Trading Construction Works Organization (WTO).

55th Vietsovpetro Council Meeting: reach high consensus of two parties 03/01/2023

55th Vietsovpetro Council Meeting: reach high consensus of two parties

On 8th December 2022, at Vietsovpetro Head Office (Vung Tau City), the official session of the 55th Vietsovpetro Council meeting was held, with the participation of the Council members from both sides. After 10 days of active and urgent work, the 55th meeting was successfully completed with the high consensus of the two Parties and the support of the two states of Vietnam and the Russian Federation.

Petrovietnam pioneers in environmental protection 03/01/2023

Petrovietnam pioneers in environmental protection

Vietnam oil and gas industry has undergone more than 60 years of development, up to now, although the field of operation is very wide with large scale, it is worth noting that Vietnam National Oil and Gas Group (Petrovietnam) and its subsidiaries have not allowed occurrence of any serious incidents affecting the natural environment, ecosystems and people.

VPI to launch web-based machine learning solution VPI-Mlogs in petrophysics 17/11/2022

VPI to launch web-based machine learning solution VPI-Mlogs in petrophysics

To help users easily access machine learning algorithms in petrophysics, Vietnam Petroleum Institute (VPI) has built VPI-Mlogs, a web-based platform that integrates various tools for data processing, exploratory data analysis, visualisation. Forecasting models have been conducted for petrophysical logs, fracture zones, etc., with reliability of over 90%, saving drilling time and cost.

VPI conducts industrial testing of water-in-oil demulsification chemical 07/11/2022

VPI conducts industrial testing of water-in-oil demulsification chemical

The Vietnam Petroleum Institute (VPI) has conducted research on manufacturing a demulsifier chemical to improve the efficiency of water separation in crude oil during production and transportation in the Cuu Long basin. The objective of this study is to produce a suilable demulsifier chemical with the characteristics of Vietnam's crude oil and trial test in field, thereby commercializing the product and replacing imported products.