Business

Ca Tam oilfield exploits over 1,200 tons of crude oil per day

Russian and Vietnamese  oil joint venture – Vietsovpetro yesterday afternoon held a ceremony to receive the first oil barrels from Ca Tam oilfield (Sturgeon oilfield) with attendance of leaders of Ministry of Industry and Trade, Vietnam National Oil and Gas Group (PetroVietnam) and leaders of provinces of Ba Ria - Vung Tau and Phu Tho.

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

Vietsovpetro, PetroVietnam Exploration Production Corporation and Bitexco Group are investors of the project of Ca Tam oil drilling.

The project was set up in 2012; by January, 2019, the first oil barrels have produced over 1,200 tons of oil (equivalent to 9,000 barrels per day).
> As plan, there are additional six oil-wells to be drilled and put into exploitation this year, and it is expected to gain 766,000 tons of oil (equivalent to 5,5 million barrels) contributing significantly to the national budget revenue.

It is noted that this is the first time a private enterprise as Bitexco Group involving in oil and gas exploitation.


BY NONG NGAN- Translated by Huyen Huong

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