Vietsovpetro said on Wednesday that it completed the installation of the wellhead platform topside block of the BK-23 drilling rig at Lot 09.1 of Bạch Hổ oil field, 145 kilometres to the southeast of Vũng Tàu city a day earlier.
The Việt Nam-Russia oil and gas joint venture Vietsovpetro has recently sent a proposal to the Việt Nam Oil and Gas Group (Petrovietnam) regarding the expansion of its operating area.
Vietsovpetro has implemented a series of solutions to control cash flow, and optimise costs. Nearly 100 initiatives have been recognised, bringing about economic benefits of nearly US$10 million.
According to Vietsovpetro, both sets have been launched ahead of schedule. The base of RC-10 rig weighs over 1,700 tonnes, while that of RC-RB1 weighs over 1,400 tonnes.
In 1988, Vietsovpetro pumped up the first tonnes of crude oil from the basement on the continental shelf in Bach Ho field, which was a milestone for the development of Viet Nam’s oil and gas sector.
Vietsovpetro, a Viet Nam and Russia oil and gas joint venture, earned US$1.28 billion from oil sales in the first eight months of this year, making 19.4 per cent exceeding the yearly target.
The Viet Nam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period, vietnamplus.vn reports.
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.
The Viet Nam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set targets for 2018 that include pumping 4 million tonnes of oil and condensate and 126.5 million cubic metres of natural gas.