VPI and IDT to develop new products for petroleum projects

Friday, Jul 10, 2020 15:56

The signing ceremony of a cooperation agreement between VPI and IDT was held on Thursday in Ha Noi. — Photo baotainguyenmoitruong.vn

The Viet Nam Petroleum Institute (VPI) and the Institute of Drilling Technology (IDT) on Thursday signed an agreement to cooperate in manufacturing and using products from scientific and technological research for oil and gas projects in Viet Nam.

According to the agreement, VPI will provide testing equipment and consulting services on developing products and technological solutions, and send experts to IDT to produce and commercialise those products and services.

VPI and IDT will enhance exchange of experience, product information and technology to control the quality of those products and services.

The two sides will prioritise research and application of products and services for the oil and gas exploitation field and solutions to increase exploitation output.

A VPI representative said that IDT is one of its domestic and foreign partners to develop new technology products and solutions in the 2020-25 period for improving the operational efficiency and competitiveness of Viet Nam's oil and gas industry. — VNS

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