Biendong POC exceeds revenue target in H1

Bien Dong Petroleum Operating Company (Biendong POC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has reported that its revenue in the first six months of 2021 exceeded the set plan by four percent.
Biendong POC exceeds revenue target in H1 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - Bien Dong PetroleumOperating Company (Biendong POC),a subsidiary of the Vietnam Oil and Gas Group(PetroVietnam), has reported that its revenue in the first six months of 2021exceeded the set plan by four percent.

The company’s gas exploitation output reached41 percent of the yearly plan.

After nearly eight years of operation, Biendong POC’s total accumulatedrevenue hit 3.88 billion USD, 311 million USD higher than the combined investmentand operation cost.

With synchronous measures, Biendong POC has overfulfilled most of its targetsin the period.

The application of modern technology in management and administration as wellas production has helped the firm improve its production and businessactivities despite complicated developments of the COVID-19 pandemic.

According to Sergey Raykhert from Gazprom, its partner, Biendong POC has safelyand effectively operated rigs amid difficulties caused by the COVID-19 pandemicin the first half of 2021.

General Director of Biendong POC Ngo Huu Hai said the enterprise will continue withcomprehensive solutions to ensure its stable operation in the remaining monthsof the year./.
VNA

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