
The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster.
The Rong field lies within Block 09-1, specifically well R79. Preliminary assessments suggest an estimated potential increase of 16.5 million barrels of oil there.
Meanwhile, Bunga Aster field belongs to the Block PM3 CAA of well BA-1X which has been put into operation since May 5, with an initial production rate of about 2,100 barrels per day.
Petrovietnam President Le Manh Hung asked units and operators in the exploitation and processing sector to further optimise new management methods, maintain the goals of 2024 and beyond, contributing significantly to ensuring energy security and national economic development.
Vietnam's State-owned oil and gas giant Petrovietnam has defied rising market risks with a strong performance in the first two months of this year, recording a 19% year-on-year increase in turnover and a 5% growth in its contribution to the State budget.
The Vietnam Oil and Gas Group (Petrovietnam) has recently signed a memorandum of understanding (MoU) on cooperation in renewable energy with Denmark’s Copenhagen Infrastructure Partners (CIP).
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