Making news

Biendong POC’s gas production crosses 15 bln cu.m mark

Bien Dong Petroleum Operating Company (Biendong POC) has produced 15 billion cu.m of gas since its Hai Thach and Moc Tinh gas fields were put into operation in September 2013.

Biendong POC, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has also produced more than 24 million barrels of condensate over the last eight years.

It demonstrates the company’s effort to safely run the fields, apply advanced technology and artificial intelligence (AI) in operation and surmount difficulties caused by the COVID-19.

Its net revenue from the two fields has reached over 3.94 billion USD.

In July, the company reported that its revenue in the first six months of 2021 exceeded the set plan by 4 percent.

Its gas exploitation output reached 41 percent of the yearly plan.

Biendong POC’s total accumulated revenue hit 3.88 billion USD in July, 311 million USD higher than the combined investment and operation cost./.