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% and equivalent to 68% 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% and 1%, 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.