This achievement was made amid global oil prices movement became more difficult to predict, mature fields were in a rapid decline of production while new fields brought onstream were small and marginal ones and the pressure to minimize costs per a barrel of oil.

Vietsovpetro workers at platform

It is expected that by 15:00 pm on December 11, 2018, PVN will hit our 2018 oil production target both in the country and abroad with total output of 13,222 million tons (21 days ahead of schedule) and hit gas production target by 17:00 pm on December 16, 2018 of 9.6 billion m3 (15 days ahead of schedule). Meanwhile, PVN has early reached the 2018 business targets and financial goals including consolidated sales revenues and State budget contribution. Many PVN’s subsidiaries such as BSR, PVGAS, PV Trans, PVEP, PVCFC, PVI ...have also completed their 2018 production and business targets ahead of time. The above success was much atributable to the continuous and creative efforts of all our employees, together with strictly direction from the Government and ministries, departments and the close collaboration of our partners and contractors.