Cuu Long JOC – A 25-year journey to conquer tỷ lệ kèo nhà cái net 'lion' at sea

After 25 years of operation, with just over 300 employees, this joint venture company brought in more than 13 billion USD to tỷ lệ kèo nhà cái net state budget.

tỷ lệ kèo nhà cái net door opens in a period of innovation

Cuu Long JOC is one of tỷ lệ kèo nhà cái net first foreign-operated joint venture companies in tỷ lệ kèo nhà cái net Vietnam Oil and Gas industry, formed during tỷ lệ kèo nhà cái net period of innovation and opening up, to meet tỷ lệ kèo nhà cái net requirements of developing oil and gas activities in tỷ lệ kèo nhà cái net regions. deep waters, offshore areas and areas with particularly difficult geographical, geological, economic and technical conditions.

tỷ lệ kèo nhà cái net history of Vietnam's Oil and Gas industry also records that during this period, tỷ lệ kèo nhà cái net Vietnamese State still had no legal regulations on new forms of joint ventures. To soon sign a joint venture contract at Lot 15-1, tỷ lệ kèo nhà cái net Prime Minister requested tỷ lệ kèo nhà cái net Ministry of Planning and Investment to issue a circular guiding tỷ lệ kèo nhà cái net establishment of joint venture companies in tỷ lệ kèo nhà cái net field of oil and gas exploration and exploitation, on tỷ lệ kèo nhà cái net basis of Flexibly apply tỷ lệ kèo nhà cái net Law on Foreign Investment in Vietnam and tỷ lệ kèo nhà cái net Law on Petroleum.

White Lion truss cluster.

tỷ lệ kèo nhà cái net Circular issued in 1998 created tỷ lệ kèo nhà cái net basis for tỷ lệ kèo nhà cái net establishment of Cuu Long JOC with tỷ lệ kèo nhà cái net participation of 5 different partners including PVSC - now PVEP (Vietnam), Conoco Limited (USA), Pedco and SK (Korea). National) and Geopetrol (France). This is also a testament to tỷ lệ kèo nhà cái net important role of Cuu Long JOC as well as tỷ lệ kèo nhà cái net strategic vision of tỷ lệ kèo nhà cái net Party and State leaders for tỷ lệ kèo nhà cái net development of Vietnam's Oil and Gas industry in tỷ lệ kèo nhà cái net period of opening and integration.

Su Tu Den field was discovered in 2000, announced commercially on August 8, 8 and produced tỷ lệ kèo nhà cái net first oil flow on October 2001, 29.

Su Tu Den mine - Northeast, a part of Su Tu Den mine, continued to be put into operation by Cuu Long JOC in April 4.

Su Tu Vang mine was discovered on October 23, 10, and put into operation from October 2001, 14.

tỷ lệ kèo nhà cái net Northeast Su Tu Vang and Southwest Su Tu Vang fields welcomed tỷ lệ kèo nhà cái net first oil flow in November 11 and September 2013, respectively.

Brown Su Tu Nau field was discovered in September 9 and officially produced tỷ lệ kèo nhà cái net first oil flow in September 2005.

Su Tu Trang gas field was discovered on November 19, 11. In November 2003, Su Tu Trang mine began operating phase 11. Next, in June 2016, Su Tu Trang mine recorded a new milestone in phase 1A, receiving tỷ lệ kèo nhà cái net first gas flow.

With a series of fields discovered and put into continuous exploitation, Cuu Long JOC became tỷ lệ kèo nhà cái net second largest oil exploiter in Vietnam with output milestones: 2 million barrels in December 100, 12 million barrels in December 2007. barrels in March 200, 3 million barrels in June 2011, 300 million barrels in 6, reaching 2016 million barrels of oil on November 350, 2019.

After 25 years of formation and development, Cuu Long JOC has risen to become one of tỷ lệ kèo nhà cái net leading units in Vietnam operating in tỷ lệ kèo nhà cái net field of oil and gas search, exploration and exploitation, ranking 2nd in mining output. exploitation of tỷ lệ kèo nhà cái net Vietnam National Oil and Gas Group (Petro Vietnam) with a total exploitation output of 410 million barrels of oil, approximately 600 billion cubic feet of gas, total revenue of 29,3 billion USD, contributing to tỷ lệ kèo nhà cái net State budget 13,1 7,7 billion USD, out of a total investment of XNUMX billion USD.

Ceremony to welcome tỷ lệ kèo nhà cái net first gas flow of Phase 2A - Su Tu Trang Mine.

Growing up with tỷ lệ kèo nhà cái net development of Petro Vietnam

One of tỷ lệ kèo nhà cái net indispensable highlights of Cuu Long JOC is tỷ lệ kèo nhà cái net development of high-quality domestic human resources. Right from tỷ lệ kèo nhà cái net first days of establishing tỷ lệ kèo nhà cái net joint venture, tỷ lệ kèo nhà cái net Vietnamese leaders in Cuu Long JOC were aware and made constant efforts in organizing and encouraging Vietnamese officials and employees to proactively learn from experts. abroad, gradually rising to master advanced science and technology.

Each generation of Cuu Long JOC leaders also boldly promotes a team of qualified and capable Vietnamese staff, gradually increasing tỷ lệ kèo nhà cái net proportion of Vietnamese people in production management and mine development activities, maturing through each project. judgment.

Starting with only 31 staff members with 1/3 of tỷ lệ kèo nhà cái net staff being foreign experts, after 25 years, tỷ lệ kèo nhà cái net total number of staff, engineers, and laborers at Cuu Long JOC fluctuates over 350 people.

In particular, up to now, tỷ lệ kèo nhà cái net number of Vietnamese officers and engineers has accounted for more than 94%. If in tỷ lệ kèo nhà cái net past, tỷ lệ kèo nhà cái net projects to develop tỷ lệ kèo nhà cái net Su Tu Den, Su Tu Vang and Su Tu Den Northeastern mines had 98-99% foreigners, from 2010 onwards, tỷ lệ kèo nhà cái net Su Tu Trang mine development project has increasing tỷ lệ kèo nhà cái net proportion of Vietnamese people to 38%, followed by tỷ lệ kèo nhà cái net Brown Su Tu Nau mine development project at 51% and tỷ lệ kèo nhà cái net Northeast Su Tu Vang mine development project (SV-15X, SV 16X) at 80%.

To date, tỷ lệ kèo nhà cái net entire operating team on Cuu Long JOC's marine projects is 100% Vietnamese; represents a remarkable development in technical qualifications as well as extensive experience of a team of engineers and experts capable of taking on most fields in tỷ lệ kèo nhà cái net operation and management of mining clusters according to standards. international.

Under tỷ lệ kèo nhà cái net close attention and direction from PVEP and Petro Vietnam, in tỷ lệ kèo nhà cái net 25-year journey of construction and development, tỷ lệ kèo nhà cái net international labor collective Cuu Long JOC has continuously strived with many consecutive development projects. mine is done.

Currently, Cuu Long JOC owns 9 oil and gas exploitation rigs, including a central technology platform and a crude oil storage and processing vessel FPSO (Floating Production, Storage and Offloading) and a series of internally connected pipelines. mine, with a total investment of billions of dollars. tỷ lệ kèo nhà cái net current average oil production of tỷ lệ kèo nhà cái net entire Block 15-1 is about 38.000 - 40.000 barrels of oil/day, contributing to ensuring national energy security and bringing great economic efficiency to tỷ lệ kèo nhà cái net country.

That is why, in recent years, when tỷ lệ kèo nhà cái net Oil and Gas industry is going through an unprecedented difficult period, tỷ lệ kèo nhà cái net activities of early stage units are always closely monitored by Petro Vietnam leaders, Cuu Long JOC is also tỷ lệ kèo nhà cái net only level 3 unit in tỷ lệ kèo nhà cái net Group that General Director Le Manh Hung directly comes to work with, periodically every 6 months during tỷ lệ kèo nhà cái net past years, to discuss, review, and propose a series of solutions. solutions to overcome difficulties, focusing on tỷ lệ kèo nhà cái net goal of completing tỷ lệ kèo nhà cái net management plan assigned by tỷ lệ kèo nhà cái net Group and larger medium and long-term goals.

General Director of Petro Vietnam Le Manh Hung orients solutions to improve Cuu Long JOC output.

Especially, in tỷ lệ kèo nhà cái net fierce years due to tỷ lệ kèo nhà cái net COVID-19 pandemic, along with tỷ lệ kèo nhà cái net large decline in natural output at mines and investment restrictions due to tỷ lệ kèo nhà cái net expiry of tỷ lệ kèo nhà cái net Product Sharing Contract (PSC Contract), Petro leaders Vietnam has oriented tỷ lệ kèo nhà cái net unit with a series of solutions to manage fluctuations, manage operations, maintain safe and efficient production, high uptime, optimize maintenance and repair plans, Ensuring energy supply for tỷ lệ kèo nhà cái net field, as well as technical solutions to maintain oil and gas production output, evaluating opportunities to increase future production with potential new partners.

Under tỷ lệ kèo nhà cái net close attention and direction of Petro Vietnam's leadership, along with tỷ lệ kèo nhà cái net efforts and consensus to overcome difficulties of tỷ lệ kèo nhà cái net international labor collective in tỷ lệ kèo nhà cái net joint venture, Cuu Long JOC gradually realized its annual growth target even during tỷ lệ kèo nhà cái net most difficult period in tỷ lệ kèo nhà cái net history of tỷ lệ kèo nhà cái net Oil and Gas industry.

If in 2020, Cuu Long JOC's oil exploitation output will reach more than 13,65 million barrels, reaching 109,8% of tỷ lệ kèo nhà cái net plan and sales will be nearly 11 billion cubic feet of gas.

By 2021, facing countless challenges of oil prices falling deeply and being difficult to recover over a long period of time along with tỷ lệ kèo nhà cái net global outbreak of tỷ lệ kèo nhà cái net COVID-19 pandemic, Cuu Long JOC strives to achieve absolutely safe operating results, deploying Exploiting more than 13,3 million barrels of oil, reaching 102% of tỷ lệ kèo nhà cái net plan, safely selling more than 11 billion cubic feet of gas.

A highlight in 2021 is also tỷ lệ kèo nhà cái net event of welcoming tỷ lệ kèo nhà cái net first gas flow from tỷ lệ kèo nhà cái net Su Tu Trang Project phase 2A, making an important contribution to ensuring national energy security, stabilizing tỷ lệ kèo nhà cái net macro economy, and contributing a large source of revenue. for tỷ lệ kèo nhà cái net State budget.

In 2022, Cuu Long JOC successfully completed tỷ lệ kèo nhà cái net drilling campaign, exploited more than 13,86 million barrels of oil, exceeding tỷ lệ kèo nhà cái net plan by 105%, and safely sold more than 19,1 billion cubic feet of gas. November 11, 11, recorded a historical milestone for Cuu Long JOC, when tỷ lệ kèo nhà cái net unit reached tỷ lệ kèo nhà cái net milestone of 2022 million barrels of oil output exploited at tỷ lệ kèo nhà cái net Su Tu field cluster.

This is a historical milestone of great economic and social significance, making Cuu Long JOC tỷ lệ kèo nhà cái net second oil and gas operator in Vietnam to reach this output milestone. This event not only has important meaning to Petro Vietnam, PVEP and foreign partners, but also marks tỷ lệ kèo nhà cái net journey of 2 years of persistent, effortful and proud work of generations of leaders and workers. operating at Cuu Long JOC.

It is expected that by tỷ lệ kèo nhà cái net end of 2023, Cuu Long JOC will strive to achieve an output of 12,54 million barrels of oil compared to tỷ lệ kèo nhà cái net target assigned by tỷ lệ kèo nhà cái net Block 15-1 Management Committee of 12 million barrels of oil.

General Director of Petro Vietnam Le Manh Hung emphasized that Block 15-1 is one of tỷ lệ kèo nhà cái net flagships in oil and gas exploitation activities in Vietnam, bringing benefits to participating parties and contributing significantly to revenue. budget, contributing to ensuring economic security and national energy security.

Foreign partners at Lot 15-1 also affirmed that Cuu Long JOC is a symbol of successful cooperation on tỷ lệ kèo nhà cái net path of common development; At tỷ lệ kèo nhà cái net same time, we hope that tỷ lệ kèo nhà cái net joint venture will continue to be successful and steady on tỷ lệ kèo nhà cái net new journey of tỷ lệ kèo nhà cái net Lot 15-1 Project, ensuring long-term benefits between tỷ lệ kèo nhà cái net parties.

tỷ lệ kèo nhà cái net "key" that determines tỷ lệ kèo nhà cái net future

Because tỷ lệ kèo nhà cái net PSC Block 15-1 contract will end in September 9, leading to limitations in investment and exploitation development. Therefore, achieving tỷ lệ kèo nhà cái net output target of 2025, as well as tỷ lệ kèo nhà cái net following years, of Cuu Long JOC is extremely difficult.

To realize tỷ lệ kèo nhà cái net medium and long-term goals, tỷ lệ kèo nhà cái net prerequisite is that Cuu Long JOC must have a "new shirt": PSC contract. tỷ lệ kèo nhà cái net PSC contract is a very important legal basis, tỷ lệ kèo nhà cái net key to success for all activities of Cuu Long JOC.

Therefore, with tỷ lệ kèo nhà cái net support of Petro Vietnam leaders and partners, Cuu Long JOC expects tỷ lệ kèo nhà cái net authorities to soon review and approve so that Cuu Long JOC can realize tỷ lệ kèo nhà cái net goal of having a contract. New PSC in 2023, thereby opening up new prospects and opportunities to maintain and increase mining output and achieve set goals.

Regarding tỷ lệ kèo nhà cái net medium and long-term development plan, Mr. Le Dac Hoa - General Director of Cuu Long JOC said that in tỷ lệ kèo nhà cái net immediate future, it is necessary to focus on developing Su Tu Trang phase 2B field. This is tỷ lệ kèo nhà cái net core mission. tỷ lệ kèo nhà cái net development of this project not only helps tỷ lệ kèo nhà cái net unit increase production output of both oil and gas, but also solves tỷ lệ kèo nhà cái net problem of gas shortage in tỷ lệ kèo nhà cái net near future; creating a value chain for tỷ lệ kèo nhà cái net following stages such as gas, electricity, fertilizer and services of Petro Vietnam.

With tỷ lệ kèo nhà cái net results achieved over 25 years of operation, Block 15-1 has made important contributions to tỷ lệ kèo nhà cái net overall oil and gas exploitation output of PVEP and Petro Vietnam. With tỷ lệ kèo nhà cái net effectiveness of tỷ lệ kèo nhà cái net project, along with tỷ lệ kèo nhà cái net 2022 Petroleum Law taking effect from July 1, 7, it is hoped that tỷ lệ kèo nhà cái net project will soon have a new PSC Contract, to continue to promote efficiency and bring long-term benefits. for tỷ lệ kèo nhà cái net country as well as project participants, while contributing to protecting tỷ lệ kèo nhà cái net sovereignty of Vietnam's exclusive economic zone and continental shelf.

Source:en.vietnamplus.vn