Oil and gas exploration and production is the core field of Petrovietnam, which is widely deployed not only in Vietnam but also in many countries around the world. Thanks to effective oil and gas exploration and production activities, Vietnam, from a country with absolutely no oil and gas industry, has become the country with the second largest oil reserves in Southeast Asia and the 28th in the world, capable of mastering all the most advanced technologies.
02/04/2025
In accordance with the 2022 Petroleum Law (effective from July 1, 2023) and with government approval, on March 31, 2025, Petrovietnam signed a Petroleum Sharing Contract (PSC) for Block 15-2 in the Cuu Long Basin. The contract was signed in collaboration with the contractor consortium, including Japan Vietnam Petroleum Company Limited (JVPC)—a wholly owned subsidiary of ENEOS Xplora, Japan—and Petrovietnam Exploration Production Corporation (PVEP).
03/10/2015
