DOMESTIC OIL AND GAS EXPLORE OPERATION CO., LTD (LOT 16-2)

Business Nature: Exploration and Production (E&P) Operator. This company is neither a factory nor a trading company; it is an upstream oil and gas operating entity focused on the exploration, development, and extraction of petroleum resources.

Company Profile:

DOMESTIC OIL AND GAS EXPLORE OPERATION CO., LTD (LOT 16-2) is an offshore oil and gas operator based in Vietnam. The company is primarily engaged in the management and technical operations of Lot 16-2, located in the Cuu Long Basin, offshore southern Vietnam. Its core activities involve the exploration of oil and gas reserves, the development of offshore fields, and the production of hydrocarbons. The company operates as a joint venture or project-specific entity, coordinating with international partners and the national oil company, PetroVietnam, to manage complex subsea infrastructure, drilling operations, and resource extraction. It does not engage in manufacturing or general commodity trading.

Primary Products and Outputs:

Crude Oil: The company focuses on the extraction and production of crude oil from the geologic structures located within Lot 16-2 of the Cuu Long Basin.

Natural Gas: The company produces associated natural gas extracted during the oil exploration and production process.

Condensate: The company manages the production of natural gas liquids, specifically condensate, which is separated from the gas stream.

Operational Scope: The company acts as an exploration and production operator, responsible for the upstream development of hydrocarbons, which are subsequently sold to downstream entities or national energy distributors for refining and processing.