PetroVietnam develops gas extraction
The PetroVietnam Exploration Production Corporation (PVEP) is actively developing a number of gas projects with the aim of extracting the first flows of gas at Su Tu Trang (white lion) field in the fourth quarter of 2016 and at Dai Hung field on August 31.
To deal with the fluctuation of global oil prices, the PVEP has enacted measures to stabilise business manufacturing activities.
![]() |
An oil rig of PetroVietnam |
It extracted 2.23 million tonnes of oil and 690 million cubic metres of gas in the period, surpassing the set goals by 4% and 11%, respectively.
The PVEP will continue to arrange capital resources for exploratory activities while drilling more fields to extract an additional one million tonnes of oil.