(VOVWORLD) - The Vietnam Oil and Gas Group (Petrovietnam) on Friday held a ceremony to celebrate the fulfillment of its exploitation and financial targets set for this year.
 Petrovietnam departments honored at the ceremony. |
According to the group, its success is attributed to the effective implementation of its consistent motto for 2022: “Good fluctuation management, good forecasting and anticipation, resource connection, technology application, investment promotion, and sustainable development.”
Petrovietnam met its revenue target 4 months ahead of schedule. It earned a total of 782 trillion VND (32.6 billion USD) in the last 10 months, surpassing this year’s plan by 40%.
Its state budget contribution target was achieved 6 months ahead of schedule. In the past 10 months, Petrovietnam contributed 112.2 trillion VND to the state budget, exceeding this year’s plan by 74% and accounting for 7.7% of the total state budget collection.
 Petrovietnam General Director Le Manh Hung speaks at the ceremony. |
By October 13, the group had fulfilled its domestic crude oil exploitation target for this year. Domestic output in the past 10 months hit 7.48 million tonnes, surpassing this year’s target by 6% and almost equal to last year’s output of 7.54 million tonnes. These figures are significant given the fact that domestic output fell 11% annually in the 2016-2020 period and 5.7% in 2021.
Some new oil fields and projects began operation earlier than schedule including Platform H4 Lot, PM3 CAA, Dai Nguyet field, Platform RC-10, Platform CTC-2 at Ca Tam field.
Platform RC-RB-1 will become operational by the end of November or early December, bringing the total number of new fields/projects put into use this year to 5, one more than the registered number.
Affiliates honored at the ceremony included Vietsovpetro, PVEP, Cuu Long JOC, HL-HVJOC, PVEP POC and many departments of the group.