09/03/2019 11:11 GMT+7 Email Print Like 0

Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field

The Vietnam – Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria – Vung Tau on March 8 to welcome the first flow of oil it pumped up from Ca Tam field.

CTC1-WHP oilrig in Ca Tam field (Source: baobariavungtau)

Built in March 2018, the CTC1-WHP oilrig is the most important component in Ca Tam oil field development project in Lot 09-3/12 operated by Vietsovpetro under a production sharing contract signed with the Vietnam Oil and Gas Group (PetroVietnam), the PetroVietnam Exploration Production Corporation (PVEP), and Bitexco Group.

On January 25, it pumped up the first flow of oil with a total capacity of 1,630 tonnes per day.

On February 10, Vietsovpetro put the first well CT-101 into operation. As planned, it will launch additional six wells this year, raising the total yearly capacity to 766,000 tonnes.

In the near future, it will step up oil and gas exploration and exploitation in Cuu Long field, contributing to safeguarding Vietnam’s sovereignty and economic interests on the continental shelf and territorial waters.