Over 45 years of development, VPI has
become the leading scientific and technological organization of the Vietnam oil
and gas industry, being capable of carrying out R&D and providing
scientific and technological services to the whole value chain of petroleum industry.
VPI has conducted studies and services being valuable scientific basis for
shaping the oil and gas development strategy and policies and counseling the
Government and Petrovietnam in the whole range of oil and gas activities of
exploration, production, transportation, storage, processing, environment &
safety, and management.

The intellect of Petrovietnam making its mark in 45 years of VPI establishment and development.
Especially, from 2008, in response to the radical
context, especially to the demand for a breakthrough in management to liberate
the creativity and prepare for the future when the scientific and technological
market really takes shape, VPI has boldly transformed its operational model
into an autonomous and self-managing public scientific and technological
institution. This important move has created a substantial change, linking
scientific research and technological development with production, business and
training, boosting technological application and transfer, and contributing to
enhancing the scientific and technological strength of the oil and gas sector.
However, being totally new with no precedent in Vietnam, this model of
operation and management has created certain pressures on VPI’s revenue, jobs
as well as affected the deployment of its basic, long-term and strategic
research tasks. In spite of this, VPI has decisively changed its mindset,
developed and deployed numerous drastic measures by the learning-while-doing
approach, adjusting to fit with actual situations while actively implementing
the transformation.

Prime Minister Pham Minh Chinh listened to the introduction of VPI SP EOR chemical which is studied, blended, and industrially tested by VPI at Bach Ho field.
In upstream sector, VPI concentrates on prospecting
and exploring conventional/non-conventional oil and gas; conducting researches
on geological structures, assessing hydrocarbon potential and reserves of
sedimental basins; developing applicable solutions for production operation,
enhanced oil recovery, and safe and efficient field management.
From the baseline survey studies, VPI has developed a
reliable and constantly-updating scientific database of hydrocarbon potential
and reserves of the territorial waters and the continental shelf of Vietnam to
facilitate the formulation of development strategies and policies for the oil
and gas upstream; and propose measures for the State to manage and rationally
exploit the marine resources and environment in a scientific and efficient
manner, satisfying the demand for a sustainable economic development and
contributing to safeguarding the national sovereignty and national security.
Alongside the implementation of research to develop
Petrovietnam's five core areas, VPI is focusing its resources on urgent issues
related to the development of the petroleum industry to adapt to the trends of
digital transformation and energy transition, such as: Building an innovative
platform for digital products; building an Oilgas AI ecosystem using artificial
intelligence (AI) and machine learning (ML) algorithms to synthesize,
represent, and analyze in-depth data in the petroleum industry and various
products such as crude oil, gasoline, LPG, and natural gas; training and
developing skills in applying available AI services... VPI has carried out
studies anticipating the energy transition trend in the petroleum industry,
such as processing CO2-rich gas, hydrogen, offshore wind power, carbon capture,
utilization, and storage (CCS/CCUS), etc.

Vietnam Petroleum Insights” (VPInsights) - Hydrogen module
With the strategic direction of developing into the national
leading energy group and having a pivotal position and role in ensuring energy
security, Petrovietnam considers science - technology and innovation as a top
priority for it to truly become a lever to create breakthroughs in
productivity, quality, efficiency, and competitiveness of Petrovietnam and its
subsidiaries.
These demands become even more urgent as
science and technology need to be one step ahead, rationally combining applied
studies and basic research. Only then can we ensure the sustainability and
viability of our development strategy and create breakthroughs to enhance
competitiveness.

VPI - in collaboration with the Commercial Law Development Program (CLDP) under the US Department of Commerce, US Embassy in Vietnam - organizing a workshop on building a legal corridor to promote CCS/CCUS projects in Vietnam.
Regarding the direction to form and develop a creative
ecosystem for the Vietnamese petroleum industry, Dr. Nguyen Anh Duc, VPI
General Director said, VPI is currently building the team to develop innovative
platform for digital/physical products (business analytics, expertise, data and
analytics, experimental analysis), and the team to innovate digital/physical
products in core technological areas: advanced technology exploration;
potential and reserve; management support and production optimization;
efficient energy usage; carbon capture, utilization, and storage (CCUS); green
hydrogen/ammonia, etc.

VPI author team of the patent granted by the US Patent and Trademark Office (USPTO)
In addition, VPI is also developing the "Vietnam
Petroleum Insights" system (VPInsights) to meet the demand for searching,
studying and sharing insights about the petroleum industry. The system ensures
the provision of complete, accurate, and timely information with a
user-friendly natural language interface to quickly facilitate the process of
asking, accessing, and analyzing information. The system is built on the latest
artificial intelligence (AI) advances such as large language models (LLM) and
generative AI, integrating the knowledge and experience of petroleum experts
over the past VPI's 45 years as well as 60 years of Vietnam oil and gas
industry, along with a huge amount of global data and intellect. VPInsights
will help VPI/Petrovietnam experts and partners both domestically and
internationally not only to access and use digital products and collaborate,
but also contribute to the common petroleum intellect ecosystem - supporting
timely and effectively in situation forecast and solution planning in the
constantly changing context of the global energy industry.
With 45 years of establishment and
development, with the pride of a Labour Order Winner, VPI will spend its
resources on oil and gas scientific
research, training, and technological applications, converging world-class
intelligence, creating value-added in science and technology, and training
human resources for the Vietnamese petroleum industry, which all support
Petrovietnam to develop sustainably, enhance its competitiveness through
optimizing production and business operations, and making breakthroughs in the
application and innovation of intellectual property assets.
Since 2012, VPI has been granted patent No. 011318454B1 by the United States Patent and Trademark Office (USPTO) for the invention "Method and system for renewing spent fluid catalytic cracking (SFCC) catalysts using acid leaching and acid reflux activities", 6 patents and 11 utility solution patents by the National Office of Intellectual Property of Vietnam - Ministry of Science and Technology.