Petrovietnam works hard tỷ lệ kèo nhà cái net maintain oil output

The Vietnam Oil and Gas Group (Petrovietnam) is comprehensively implementing a series of solutions tỷ lệ kèo nhà cái net maintain its output of oil and gas in the face of various challenges.

General Director of PetroVietnam Le Manh Hung inspects Sao Vang project. (Photo: VNA)

According tỷ lệ kèo nhà cái net Petrovietnam, since the beginning of the year, there have been many challenges in the supply and demand in the market. Low electricity mobilisation has resulted in low gas production compared tỷ lệ kèo nhà cái net the planned targets.

Most of Vietnam's flagship oil fields are naturally declining, and Petrovietnam’s member companies are unable tỷ lệ kèo nhà cái net make large investments in developing new fields.

As a result, the goal of increasing long-term reserves and meeting planned production targets of units has been adversely impacted.

Additionally, drilling plans have faced difficulties in mobilising offshore drilling rigs and equipment due tỷ lệ kèo nhà cái net a tight market and high rental costs.

Some units are unable tỷ lệ kèo nhà cái net make significant investments due tỷ lệ kèo nhà cái net the impending expiration of oil and gas contracts, which affects their ability tỷ lệ kèo nhà cái net develop fields and expand operational areas.

In compliance with the government's directions and the conclusions of the Petrovietnam Party Committee's Standing Board, General Director Le Manh Hung issued Directive No. 6167/CT-DKVN on September 19 tỷ lệ kèo nhà cái net update the objectives and solutions tỷ lệ kèo nhà cái net ensure the firm’s 2023 management plan, focusing on five solution groups pertaining tỷ lệ kèo nhà cái net improving production and business activities, finance, investment, and value linkage chain.

In a recent meeting, oil and gas operators introduce various solutions related tỷ lệ kèo nhà cái net geological and technical aspects, technology, and management strategies tỷ lệ kèo nhà cái net ensure the maintenance of output in 2023. (Photo: VNA)

tỷ lệ kèo nhà cái net realise the above-mentions solutions, Hung recently held a working session with Petrovietnam’s member units and contractors in charge of managing lots and fields on the Vietnamese continental shelf, tỷ lệ kèo nhà cái net review and discuss measures tỷ lệ kèo nhà cái net ensure the oil and gas production plan in 2023.

In a recent meeting, oil and gas operators such as Vietsovpetro, BIENDONG POC, Idemitsu, PVEP-POC, Cuu Long JOC, Hoan Long - Hoan Vu JOC, JVPC have introduced various solutions related tỷ lệ kèo nhà cái net geological and technical aspects, technology, and management strategies tỷ lệ kèo nhà cái net ensure the maintenance of output in 2023.

They also proposed opportunities tỷ lệ kèo nhà cái net increase production in the future. In addition, they have suggested Petrovietnam provide support tỷ lệ kèo nhà cái net address difficulties related tỷ lệ kèo nhà cái net legal procedures; and urge the Government, ministries, and sectors tỷ lệ kèo nhà cái net review and approve plans for oil field development and expansion of operational areas.

Hung asked Petrovietnam’s subsidiaries tỷ lệ kèo nhà cái net continue maintaining management of volatility and cost, and researching market fluctuation trends tỷ lệ kèo nhà cái net deploy appropriate exploitation activities, especially fully tapping opportunities tỷ lệ kèo nhà cái net increase cash flow and profits.

He demanded units tỷ lệ kèo nhà cái net review and evaluate constraints and risks, and outline effective and suitable plans tỷ lệ kèo nhà cái net address them; and focus on solutions tỷ lệ kèo nhà cái net enhance management efficiency, reduce costs, and apply technical solutions tỷ lệ kèo nhà cái net improve oil recovery factor; and continue efforts tỷ lệ kèo nhà cái net closely follow and speed up investment projects in exploration and exploitation.

Units must continue tỷ lệ kèo nhà cái net effectively implement existing value linkage chains, and enhance collaboration in developing new value chains tỷ lệ kèo nhà cái net maximise existing resources and infrastructure, contributing tỷ lệ kèo nhà cái net realising investment value chains, and increasing revenue and profits.

In the first eight months of 2023, almost all Petrovietnam's production indicators exceeded the set targets by from 3% tỷ lệ kèo nhà cái net 29%. The group’s crude oil output reached 7.06 million tonnes, surpassing the plan by 14.5%./.

Source:en.vietnamplus.vn