Vietsovpetro surpasses oil and gas production targets for Q1


HÀ NỘI The Việt Nam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period, reports.

In terms of oil and condensate, the firm exploited 919,000 tonnes in lot 09-1, 7.5 per cent higher than the set target, and 43,700 tonnes in lot 09-3/12, surpassing the goal by 7.1 per cent.

Meanwhile, Vietsovpetro’s total gas production was 39.6 million cu.m, exceeding the plan by 25 per cent.

During the period, the firm sold 958,600 tonnes of oil and condensate for US$487.8 million.

In the first quarter of 2019, Vietsovpetro’s eight new oil fields came online.

Source: VNS

Photo: Vietsovpetro