Vietsovpetro welcomes first oil flow from Bach Ho field’s BK-20 rig

The Vietnam - Russia oil and gas joint venture (Vietsovpetro) has welcomed the first flow of commercial oil from the BK-20 rig belonging to the Bach Ho field.

The BK-20 rig belonging to the Bach Ho oilfield (Source: VNA)

The BK-20 rig belonging to the Bach Ho oilfield (Source: VNA)

The initial oil flow is 288 tonnes per day.

Putting the BK-20 rig into operation has helped increase oil and gas production of the joint venture in 2029 to 1,152 tonnes.

The Vietnamese side in Vietsovpetro reported that it earned US$ 722.3 million in profit in the first nine months of this year, surpassing the plan for the period by 22.7 percent.

Meanwhile, the profit of the Russian side was US$ 111 million.

The joint venture’s crude oil exploitation, natural gas production, and supply of gas to the inland also exceeded plans by 6.7 percent, 15 percent and 54.3 percent.

VNA

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