PVEP CEO TAKES ACTIVE PART IN APEC 2017 CEO SUMMIT
The APEC 2017 CEO SUMMIT took place in Danang from November 8-10, 2017. This is the largest business dialogue forum in APEC. Discussion this year focused on new trends of globalization, the technology and scientific revolution, business connectivity, building on the business community's dynamism and innovation, development of economic cooperation, and realizing the trade and investment potentials brought about by APEC. The event has brought together the biggest corporate names, famed speakers and over CEOs in the Asia-Pacific region. Aside from speeches and presentations from the CEOs of global companies such as Facebook, Exxon Mobil, AIA, Walmart…, leaders of international organizations including the WTO, WB…, heads of governments/states also were present and delivered interventions, including US President Donald Trump, Chinese President Xi Jinping, Russian President Vladimir Putin, Japanese Prime Minister Shinzo Abe…
PVN and PVEP sign outsourcing contract for operation of Blocks 01 & 02
On the morning of October 9th, 2017 in Ho Chi Minh City, Vietnam Oil & Gas Group (PetroVietnam) signed an outsourcing contract for operation of Blocks 01 & 02 with PetroVietnam Exploration Production Corporation (PVEP).
PVEP STRENGTHENS COOPERATION WITH RUSSIAN PETROLEUM PARTNERS
On October 2nd, 2017, at the invitation of the CEO of Gazprom EP International Mr. Sergey Tumanov, a PVEP delegation headed by President and CEO Dr. Ngo Huu Hai paid a working visit to Gazprom EP International in Saint Petersburg.
PVEP: Working to solve tough problems
Despite unfavorable market conditions, and non-conducive financial regulatory framework, PetroVietnam Exploration Production Corporation (PVEP) still strived to overcome difficulties, production in August and the first 8 months of 2017 yielded very positive results, taxable sum for the first 8 months reached 5.644 trillion VND, roughly 81% of the annual target.
Petrovietnam acquires and operates production for Blocks 01&02
Present at the Ceremony from PetroVietnam were Mr. Nguyen Quynh Lam - Vice President and Leaders of relevant departments and boards. From PetroVietnam Exploration Production Corporation were Chairman of the Board of Directors, Mr. Nguyen Van Que and Vice President Mr. Cao Huu Binh, Mr. Pham Nhu Khanh and contractor Petronas.
PVEP and PVN signed agreements under the Block B - O Mon gas project
On September 1st, in Ha Noi, PetroVietnam (PVN), PetroVietnam Exploration Production Corporation (PVEP), PetroVietnam Gas Joint Stock Corporation of Viet Nam (PV GAS), Mitsui Oil Exploration Company Ltd. (MOECO) and PTT Exploration and Production Public Company Limited Ltd. (PTTEP) held a Signing Ceremony for Wellhead Gas Price and Transportation Tariff for the Block B - O Mon Gas project.
Furthering cooperation between PVEP and PTTEP
Building on the good relationship between PetroVietnam Exploration Production Corporation (PVEP) and PTT Exploration and Production Public Company Limited (PTTEP) of Thailand in investment in petroleum projects in Viet Nam and Algeria, on August24th 2017, a PVEP delegation headed by Mr.Nguyen Van Que - Secretary of the Party Committee/Chairman of the Board of Directors and comrades Mr. Nguyen Thien Bao – Member of the Board of Directors; Mr. Pham Nhu Khanh – Vice President in-charge of investment; Mr. Vu Minh Duc – Co-CEO of Groupement Bir Seba met with PTTEP during a working visit in Bangkok on future cooperation orientations for major petroleum projects where both companies will be partners. Mr. Somporn – CEO and PTTEP's high-level management were present.
PVEP and petroleum projects: Working side by side with fishermen
On August 22nd, PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC), a subsidiary of PetroVietnam Exploration Production Corporation (PVEP) provided medical treatment and assistance for a crewman on BT97434TS vessel (Ba Tri - Ben Tre) who was wounded by an operating capstan about 5 nautical miles from Dai Hung well.
PVEP pays 672 billion VND in the tax in July 2017
Overcoming difficulties and challenges as a result of market fluctuations as well as regulatory frameworks, in July 2017, PetroVietnam Exploration Production Corporation (PVEP) overfilled business targets and contributed 672 billion VND to the State budget.