The science and technology conference, "50 years of the oil and gas industry in Vietnam: achievements and development strategy" took place in Hanoi on Friday 28 October, within the framework of the international Vietnam Oil & Gas Expo.
Le Dinh Tien (Deputy Minister of Science and Technology), Phung Dinh Thuc (Chairman of the Board of Directors of the Vietnamese Oil and Gas Company PetroVietnam), Do Van Hau (President of PVN), heads of natural gas corporations, representatives of subsidiaries and PVN’s corporate partners all participated in the conference. In particular, there was a delegation from Gazprom headed by Vladimir Vovk (head of the offshore deposit engineering and technology development from the department of gas, gas condensate and oil extraction), and Valery Petrenko (Director General of Vietgazprom) was also part of the delegation”.
Phung Dinh Thuc, Chairman of the Board of Directors of PetroVietnam, opened the conference. He particularly emphasized the fact that over the past 50 years Vietnam has developed from being a country with no natural gas industry to a country which occupies third place in Southeast Asia in terms of the level of development in this area. In recent years, the Oil and Gas Company PetroVietnam has steadily exceeded set indicators, it has developed and used state of the art technology and has strived to be state-of-the-art.
In turn, Deputy Minister Le Dinh Tien remarked that the collaboration between Vietnam and Russia in the oil and gas sector is a clear example of cooperation. He confirmed the obligation of the Vietnamese Government to create measures for supporting the oil and gas industry.
Head of exploration at VNNG PetroVietnam, Hoang Ngoc Dang, described the results of the exploration work in Vietnam between 2000 and 2010. Over the past decade, he said, 47 oil and gas contracts have been signed (while in the period from 1988 to 1999 only 36 contracts were signed). Also within this period, PetroVietnam investment amounting to 9.76 trillion dollars was used to carry out 2-D seismic exploratory work over an area of 184,834,66 sq. km and 3-D seismic exploratory work over an area of 38,626,48 sq. km. The indicators for the increase in hydrocarbon reserves have invariably exceeded those forecast.
After this, PetroVietnam’s oil and gas extraction department head, Nguyen van Toan, described the achievements in the sphere of hydrocarbon extraction and areas for development up to 2025. He noted, in particular, that the corporation has extracted 268 million tonnes of oil, 668 billion cubic metres of gas and has opened 22 oil and gas fields in Vietnam and abroad.
Reports on such topics as investments by the oil and gas company in foreign projects related to geological exploration and hydrocarbon extraction, the work of the joint venture Vietsovpetro, PetroVietnam’s activities in the petro-chemistry sector, and the development of science and technologies in the oil industry were also given at the conference.