VIETNAM RUSSIA JOINT VENTURE VIETSOVPETRO

Business Nature: Producer (Oil and Gas Exploration and Production)

Company Overview:

Vietsovpetro is a strategic joint venture between the Socialist Republic of Vietnam (represented by Petrovietnam) and the Russian Federation (represented by Zarubezhneft). Established in 1981, it is the leading enterprise in Vietnam's oil and gas industry. The company specializes in the exploration, development, and production of oil and gas fields on the continental shelf of Vietnam. It operates as a large-scale industrial entity that manages offshore platforms, drilling rigs, and complex subsea infrastructure, rather than a trading company. Its core activities include geological exploration, drilling, construction of offshore facilities, and the extraction and supply of crude oil and associated gas.

Vietsovpetro is a joint venture between Vietnam and Russia primarily focused on the exploration and production of oil and gas. Its main products and services include:

Crude Oil

Natural Gas

Associated Gas

Gas Condensate

Oil and Gas Field Development Services

Offshore Engineering and Construction

Installation of Offshore Platforms and Pipelines

Maintenance and Repair of Offshore Facilities

Geological and Geophysical Surveying

Drilling Services

Technical Support and Consultancy for Oil and Gas Projects