Making news

Vietsovpetro welcomes first oil flow from Bach Ho field’s BK-20 rig

The Vietnam - Russia oil and gas joint venture (Vietsovpetro) has welcomed the first flow of commercial oil from the BK-20 rig belonging to the Bach Ho field.

The initial oil flow is 288 tonnes per day.

Putting the BK-20 rig into operation has helped increase oil and gas production of the joint venture in 2029 to 1,152 tonnes.

The Vietnamese side in Vietsovpetro reported that it earned 722.3 million USD in profit in the first nine months of this year, surpassing the plan for the period by 22.7 percent.

Meanwhile, the profit of the Russian side was 111 million USD.

The joint venture’s crude oil exploitation, natural gas production, and supply of gas to the inland also exceeded plans by 6.7 percent, 15 percent and 54.3 percent.