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❓ Many people think Bach Ho field is "exhausted", but why do a series of new platforms continue to be built offshore?
Overall status of Bach Ho mine
Vietsovpetro is continuing to exploit the Bach Ho field at Block 09-1, even though the field has been in operation since 1986. After nearly 40 years, Bach Ho has entered the mature exploitation stage, with a natural decline in output of about 15–17% per year, but is still a core asset of Vietnam's oil and gas industry. 
⛽ Does Bach Ho field still have oil?
The answer is yes.
Bach Ho is no longer at its peak, but is still exploiting stably thanks to:
1. Drill new wells
2. Install new wellhead platform
3. Water injection maintains reservoir pressure
4. Apply technology to optimize exploitation
5. Additional exploration to increase reserves
Bach Ho's position in the Vietsovpetro system
According to specialized research, Bach Ho mine used to account for about 73% of Vietsovpetro's output in recent times, showing that this is still the key mine of the joint venture. 
Current Status Indicators
Status: Commercial exploitation
Mine age: Nearly 40 years
Adult stage, natural decline
Role of Vietnam's strategic oil field
Vietsovpetro operating unit
New projects prove that the mine still has potential
In 2025, Petrovietnam and Vietsovpetro inaugurated the BK-24 wellhead platform at Bach Ho field. This truss picks up dThe first oil flow was 65 days earlier, with an initial flow of more than 400 tons/day and night. 
This shows:
* The mine still has areas capable of effective exploitation
* New investment still brings economic efficiency
* Offshore infrastructure continues to be modernized
Exploitation plan for 2026
Vietsovpetro targets the total oil and condensate output of the entire system to reach about 3.176 million tons in 2026, of which Block 09-1 (including Bach Ho field) continues to play a key role. 
Big challenges today
Challenging Levels
High water flooding Very large
Reservoir pressure decline is very large
Long-standing infrastructure High
Complex geology High
Mining costs increase Highly
️ Why does the mine still have strategic value?
Bach Ho not only produces crude oil, but also:
* Maintain Vietnam's deep-sea technical capacity
* Create jobs for thousands of engineers
* Revenue support for PV Drilling and PTSC
* Contribute to ensuring national energy security
Economic assessment
Although not as booming as in the first phase, Bach Ho field still generates significant cash flow by taking advantage of existing infrastructure and applying technology to improve oil recovery coefficient.
Future prospects
In the next 5–10 years, Bach Ho will likely:
* Continue to be optimally exploited
* Added new small trusses
* Apply technology to enhance oil recovery
* Maintaining its role as a key oil field but with lower output than before
Conclusion
Bach Ho mine is not "out of date".
This is still a strategic asset, being exploited with modern technology, playing an important role in energy security and technology.seabed and Vietnam's oil and gas technical capacity.
From the symbol on the 10,000 VND bill to the rigs that operate day and night offshore, Bach Ho continues to be a testament to the ability of the Vietnamese oil and gas industry to conquer the ocean.
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