Business

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 percent and equivalent to 68 percent of the yearly plan.
PVEP exceeds nine-month oil exploitation target ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The PetroVietnam Exploration Production Corporation (PVEP) extracted2.6 million tonnes of oil equivalent in the first eight months of this year,surpassing the target by 2 percent and equivalent to 68 percent of the yearlyplan.

The corporation saidits total oil output reached 1.83 million tonnes, and gas, 772 million cubicmetres, exceeding the set goals of 2 percent and 1 percent, respectively.

To complete theyearly target, PVEP will continue to work with operators to review and updatemethods in order to increase its exploitation.

At the same time,relevant units will further roll out technical measures to resume thecorporation’s exploitation at Platform DH-01 before November 1./.
VNA
#PVEP#technical measures#Platform DH-01#Vietnam#VietnamPlus#Vietnam news
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