The Vietnam National Oil and Gas Group (PetroVietnam) announced it had signed three new contracts at a press conference on Feb.4.
The contracts included two oil and gas exploration and extraction deals at Block 105-110 and Block 04-2, and another at Kossor in Uzbekistan.
The group reported a total revenue of nearly 27 trillion VND (1.5 billion USD) in January, up 36 percent against the same period last year.
Of this, 730 million USD came from crude oil exports. The average sale price of oil was 80.5 USD per barrel, representing an increase of 38 USD over last year.
Over the previous year, PetroVietnam churned out 1.2 million tonnes of crude oil, 770 million cu.m of gas, 60,000 tonnes of fertiliser, 940 million KWh of electricity and 276,000 tonnes of petrol products.
Construction of the two oil rigs, BK-14 and BK-15, is currently underway in southern Ba Ria-Vung Tau Province. The total investment capital has been reported at 550 million USD.
The group expects a revenue of 24 trillion VND in February from the production of 1.13 million tonnes of crude oil, 620 million cu.m of gas, 60,000 tonnes of fertiliser, 760 million KWh and 330,000 tonnes of petrol products./.