The Vietnam Oil and Gas Group (PetroVietnam) has set a goal of reducing average crude oil exploitation costs in order to sustain business during the 2020-2025 period, even if crude oil price drops to US$30 per barrel.
The Vietnam National Oil and Gas Group (PetroVietnam) is targeting an increase of its oil and gas reserves by 10-15 million tonnes in 2018.
VOV.VN - Deputy Prime Minister Trinh Dinh Dung has praised ExxonMobil- a multinational oil and gas group of the US for its involvement in the development and exploitation of the Ca Voi Xanh (Blue Whale) gas field in central Vietnam.
ExxonMobil Corporation from the US is completing the geological survey and build the design of the pipeline installation, aiming to conduct the construction of the onshore infrastructure of the Blue Whale (Ca Voi Xanh) gas-to-power complex located in Quang Nam and Quang Ngai.
Oil and gas giant PetroVietnam and the US General Electric International (GE) Group will cooperate in developing two gas-fired power plants, No.1 and 2 in the central province of Quang Nam, using gas from the Ca Voi Xanh (Blue Whale) gas field.
The Vietnam National Oil and Gas Group (PetroVietnam) strives to increase oil and gas reserves to 10-15 million tonnes this year, said Chairman of the Board of Directors Nguyen Quoc Khanh.