Viet Nam-Russia joint venture welcomes first oil flow from Ca Tam field

Monday, Mar 11, 2019 08:44

The CTC1-WHP oilrig in the Ca Tam field. — Photo baobariavungtau

The Viet Nam-Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria-Vung Tau to welcome the first flow of oil pumped from the Ca Tam oil field.

Built in March 2018, the CTC1-WHP oilrig is the most important component of Ca Tam’s development project under a shared production contract signed by the Viet Nam Oil and Gas Group (PetroVietnam), the PetroVietnam Exploration Production Corporation (PVEP) and Bitexco Group.

On February 10, Vietsovpetro put its first well into operation. It plans to open an additional six wells this year, raising the total annual capacity to 766,000 tonnes.

In the near future, it will step up oil and gas exploration and exploitation in the Cuu Long field, contributing to safeguarding Viet Nam’s sovereignty and economic interests on its continental shelf and territorial waters. — VNS

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