PVEP’s contribution to State budget exceeds 92 percent of target
06/11/2022 16:32
To take advantage of high oil prices in the world market, PVEP has taken solutions to ensure stable and safe operations of its projects.
Accordingly, output in May reached 0.33 million tonnes of oil equivalent, surpassing 19 percent of the monthly plan.
Thanks to the completion of exploitation targets, PVEP’s revenue in the January – May period reached 19.99 trillion VND, 84 percent higher than the goal.
In June, PVEP has continued to prepare for the construction of drilled wells and maintained stable mining activities.
The firm has also implemented measures to improve oil recovery coefficient; optimise the exploitation of wells, and increase the exploitation flow of potential wells in order to ensure the oil and gas production output at home and abroad will reach 0.81 million tonnes of oil equivalent in the second quarter./.