A staff reshuffle has taken place in Vietgazprom Joint Operating Company. Sergiy Mykhaylenko has been appointed to the post of CEO of the joint venture of Gazprom International and Petrovietnam, the Vietnamese Oil and Gas Group.
Sergiy Mykhaylenko was previously the director of geological exploration works in Vietgazprom and he now replaces Sergey Tumanov. S. Tumanov was director of the joint venture company from October 2012, and he has left to take up another post.
Sergiy Mykhaylenko was born in 1956, in Krivoi Rog (Dnepropetrovsk region). In 1981, he graduated from the Dnepropetrovsk Mining Institute, specialising as a mining engineer and geophysicist.
From 1981 to 1993, he worked as a geophysicist, head of cameral team (reporting on exploration and seismic analysis results in sites in the Crimea and the Western Black Sea region), leading geophysicist in geophysics well analysis (GWA), and experimental methodological work in the Crimean geophysics expedition of Crimgeology, the state production organisation.
From 1993 to 2000, Sergiy Mykhaylenko was in charge of implementing seismic data acquisition in wells (Crimea). He was appointed to the post of commercial director, and then company director of Promseis Ltd. From 2000 – 2002, he was in charge of a group responsible for processing and interpreting seismic logging data. He worked as supervisor for the 2D seismic mapping in the Azov and Black Seas and took part in the development of the technical requirements and construction of the 3D seismic vessel for Chernomorneftegaz, oil and gas company.
From 2002 to 2004, he was senior geophysicist, and from 2004 – 2015, director of exploration of Vietnamgazprom joint venture.
Sergiy Mykhaylenko was awarded the Friendship Medal of the Socialist Republic of Vietnam.
In 2000, Gazprom and Petrovietnam signed an agreement relating to exploration, production and marketing of hydrocarbons in block 112 of the continental shelf of the Socialist Republic of Vietnam. Vietnamgazprom was established for the purposes of implementing the agreement on a parity basis. Gazprom is represented by its 100% subsidiary, Gazprom International, a unified specialised company for the implementation of foreign projects in exploration and development of hydrocarbon fields.
In 2007, the Bao Vang gas field was discovered in the contractual section. In 2009, the Bao Den field was opened.
In 2008, the sides signed a Cooperation Agreement envisaging the implementation of geological exploration and the development of four new blocks on the shelf of the Socialist Republic of Vietnam, as well as the establishment of Gazpromviet joint venture for projects in Russia and third countries.
In October 2008, Gazprom and Petrovietnam signed a long-term agreement on blocks No.129, 130, 131, 132 of the continental shelf of Vietnam on the basis of a production sharing agreement (PSA), the operator of which would be Vietgazprom. Within the framework of this agreement, the necessary volume of exploration work was carried out and the drilling of a deep-water appraisal well was commenced.
In 2009, Gazprom and Petrovietnam signed a Strategic Partnership Agreement. The sides agreed to continue joint work on the Vietnamese shelf within the framework of the previously signed agreements, as well as studying the possibilities of working on new licensed blocks.
In 2012, Gazprom International was commissioned by Gazprom to participate in a project of exploration and development of the Moc Tinh and Hai Thach gas fields, within the boundaries of license blocks No.05-2 and No.05-3 on the shelf of the Socialist Republic of Vietnam. In September 2013, industrial production was commenced in the Moc Tinh field.
In October 2013, an Agreement for the Basic Principles of the Activities of the Joint Venture was signed, aimed at implementing a project for the use of natural gas as a motor vehicle fuel within the territory of Vietnam. PVGAZPROM Natural Gas for Vehicles joint venture was established for this purpose in 2015.