Friday, February 29, 2008


Annually oil and gas production of Petrovietnam rapidly increased and reached 16.8 millions tons and 1.6 billions cubic meters respectively. Total petroleum production is over 98 millions tones of oil and 5.6 billions cubic meters of gas.

Despite the 1998 - early 1999 economic crisis and incredible fall in price of oil, mergers of petroleum giant and "wait and see" attitude by the others, petroleum exploration and production in Vietnam kept on advancing and resulted in new gas discoveries on the Khanh My structure in block 46, Ac Qui & Ca Voi structures in block 52/97 of Malay - Tho Chu Basin, and Su Tu Den structure in the Cuu Long Basin.

No comments: