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Vietsovpetro has exceeded many plan targets in the first 9 months of the year

Vietsovpetro has exceeded many plan targets in the first 9 months of the year - 

In the first 9 months of 2020, although severely affected by the double crisis of Covid-19 pandemic and falling oil prices, but with the drastic and timely facing measures, the Vietnam – Russia Joint Venture Vietsovpetro has organized good pandemic control, ensured safety of the health for employees and maintained stable production and business activities.

Vietsovpetro exceeded the major plan targets as oil, gas and condensate exploitation, onshore gas supply, State budget payment and profit share for the participants.

In the first 9 months of the year Vietsopetro has reached the following results: oil/condensate exploitation as 2,418.2 thousand tons (108.4% of the plan) in 09 -1 Lot including 1,799.6 thousand tons in Bach Ho, 435.9 thousand tons in Rong, 55.7 thousand in Nam Rong - Doi Moi (in part of Vietsovpetro), 59.8 thousand tons in Gau Trang and 67.1 thousand tons in Tho Trang; 164.3 thousand tons in Lot 09-3/12 (in part of Vietsovpetro with115.4% of the plan).

The natural gas exploitation was 62.6 million m3 (111.1% of the plan); supply to the shore - 986.4 million m3 (129% of the plan).

The exploration drilling volumes: drilled 28,145 meters including 24,073 meters at 09-1 Lot and 4,072 meters, completed constructing 7 wells, drilled cut body of 5,955 meters, completed constructing 02 wells and repaired 22 times for the wells at 09-1 Lot; drilled 2,940 meters, completed constructing 01 and repaired 02 wells at 09-3/12 Lot.

For offshore construction, processed 4,342.6 tons of materials, installed 8,357 tons of metal structures, 14.5 Km of pipeline and 7.5 km of electricity cable, painted 179,933.0 m2 for corrosion protection, dismounted 1.3 projects and put 01 project into operation.

Regarding the financial targets, in the first 9 months of the year, Vietsopetro reached a turnover of $ 961.1 million, including $ 898.5 million from 09-1 Lot and 62.6 from 09-3/12; the State budget payment and taxes of $ 389.7 million including $ 364.9 from 09-1 Lot and $ 24.8 million from 09-3/12 Lot.

In the last 3 months of the year, Vietsovpetro will continue to synchronously and effectively implement measures to cope with the Covid-19 pandemic and falling oil prices; proactively formulate and implement plans and solutions to cope with the new development of Covid-19 pandemic in order to ensure the safety of the health for the employees and the efficiency of production and business.

Vietsovpetro has exceeded many plan targets in the first 9 months of the year

In the first 9 months of 2020, although severely affected by the double crisis of Covid-19 pandemic and falling oil prices, but with the drastic and timely facing measures, the Vietnam – Russia Joint Venture Vietsovpetro has organized good pandemic control, ensured safety of the health for employees and maintained stable production and business activities. Vietsovpetro exceeded the major plan targets as oil, gas and condensate exploitation, onshore gas supply, State budget payment and profit share for the participants.

In the first 9 months of the year Vietsopetro has reached the following results: oil/condensate exploitation as 2,418.2 thousand tons (108.4% of the plan) in 09 -1 Lot including 1,799.6 thousand tons in Bach Ho, 435.9 thousand tons in Rong, 55.7 thousand in Nam Rong - Doi Moi (in part of Vietsovpetro), 59.8 thousand tons in Gau Trang and 67.1 thousand tons in Tho Trang; 164.3 thousand tons in Lot 09-3/12 (in part of Vietsovpetro with115.4% of the plan).

The natural gas exploitation was 62.6 million m3 (111.1% of the plan); supply to the shore - 986.4 million m3 (129% of the plan).

The exploration drilling volumes: drilled 28,145 meters including 24,073 meters at 09-1 Lot and 4,072 meters, completed constructing 7 wells, drilled cut body of 5,955 meters, completed constructing 02 wells and repaired 22 times for the wells at 09-1 Lot; drilled 2,940 meters, completed constructing 01 and repaired 02 wells at 09-3/12 Lot.

For offshore construction, processed 4,342.6 tons of materials, installed 8,357 tons of metal structures, 14.5 Km of pipeline and 7.5 km of electricity cable, painted 179,933.0 m2 for corrosion protection, dismounted 1.3 projects and put 01 project into operation.

Regarding the financial targets, in the first 9 months of the year, Vietsopetro reached a turnover of $ 961.1 million, including $ 898.5 million from 09-1 Lot and 62.6 from 09-3/12; the State budget payment and taxes of $ 389.7 million including $ 364.9 from 09-1 Lot and $ 24.8 million from 09-3/12 Lot.

In the last 3 months of the year, Vietsovpetro will continue to synchronously and effectively implement measures to cope with the Covid-19 pandemic and falling oil prices; proactively formulate and implement plans and solutions to cope with the new development of Covid-19 pandemic in order to ensure the safety of the health for the employees and the efficiency of production and business.

VER.

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