#Petrovietnam #PVEP #MoDaiHung #DauKhiVietNam #CongNgheMayDo #NangLuong #KinhTeVietNam #PetroTimes
If the Vietnamese had not taken over the Dai Hung field for the price of just a bowl of pho, Vietnam could have lost hundreds of trillions of dong and a symbol of offshore sovereignty. Do you think this is the greatest 1 USD deal in Vietnam's economic history?
In the deep sea more than 260 km from shore, Dai Hung field was once considered too complex, high cost and low economic efficiency by international oil and gas corporations such as BHP, Total, Sumitomo and Petronas. In 1999, this asset was transferred to Vietnam for a symbolic price of 1 USD, equivalent to about 26,000 VND at the current exchange rate.
Few people would expect that from that "difficult pile of assets", Petrovietnam and PVEP have turned Dai Hung into one of the most important strategic oil fields in the country. 
A 26,000 VND TRADE CHANGES HISTORY
Value Indicator
Transfer price 26,000 VND
Accumulated revenue More than 106,600 billion VND
Submitting more than 15,600 billion VND to the budget
Increased resources More than 183 million barrels of oil
Investment cost for phase 3: More than 10,400 billion VND
Expected revenue from period 3 to 2034 is about 160,000 billion VND
Converted at the exchange rate of 1 USD is about 26,000 VND.
️ WHAT IS “MAILING” TECHNOLOGY
Instead of applying foreign machinery and technology, Petrovietnam engineers build separate solutions for each geological feature of the mine.
Outstanding technologies include:
* 3D-PSDM seismic reprocessing
*Artificial intelligence in mine modeling
* Optimize well design
* Increase oil recovery coefficient
* Improved offshore handling and transportation systems
* Wetdock for reduced maintenance costs
It is this "tailored" thinking that has solved problems that many international corporations have not thoroughly handled. 
GROUP THAT HAVE WITHDRAWED FROM DAI HUNG
National Enterprise
BHP Australia
Total France
Sumitomo Japan
Petronas Malaysia
The world's leading names withdrew, but the Vietnamese continued and turned this oil field into a miracle.
GREAT HERO PHASE 3 – NEW BREAKTHROUGH
Dai Hung project phase 3 is implemented almost entirely with domestic resources.
* First commercial oil flow on May 7, 2025
* 20 days ahead of schedule
* Initial flow is about 6,000 barrels per day
* Total investment is more than 10,400 billion VND
* Expected revenue is about 160,000 billion VND by 2034
MEANING GOES BEYOND ECONOMIC VALUE
Dai Hung not only generates great revenue but also
* Affirming the ability to master deep sea technology
* Training a team of world-class engineers
* Ensuring national energy security
* Contribute to asserting sovereignty over sea and islands
COMPARE INVESTMENT VALUE
Value Item
Initial reception price is 26,000 VND
Revenue generated 106,600 billion VND
Expected revenue for phase 3 is 160,000 billion VND
The value growth rate is a number that makes any investor surprised.
CONCLUSION
Dai Hung mine is clear proof that Vietnamese intelligence, science and technology and bravery can turn the seemingly impossible into reality.c.
From assets transferred for 26,000 VND, Petrovietnam has created a project that brings in hundreds of trillions of VND, becoming a symbol of technological autonomy and pride of Vietnam's energy industry.
#Petrovietnam #PVEP #MoDaiHung #CongNgheMayDo #DauKhiVietNam #NangLuongQuocGia #KinhTeVietNam #TimKiemTop
