Vietsovpetro to exceed annual gas target
Russia and Viet Nam’s oil and gas exploration joint venture, Vietsovpetro, will ship ashore around 1.6 billion cu.m of gas this year, 27 per cent more than its annual target. Of this, 654 million cu.m of gas will come from Lot 09-1, in the northwest of Bach Ho (White Tiger) oil field, a major oil field in East Sea’s Cuu Long basin, east of Mekong Delta. Speaking at the Vietsovpetro’s 47th meeting council held recently in southern Ba Ria-Vung Tau Province, CEO Tu Thanh Nghia said the company would complete its yearly target of extracting 5.04 million tonnes of oil.
