#Vietsovpetro #Petrovietnam #DauKhiVietNam #NangLuongQuocGia #MoBachHo #BienDong #AnNinhNangLuong #CongNgheDauKhi #KhaiThacDauKhi #KinhTeVietNam
Are many people surprised that a Vietnamese offshore oil and gas joint venture has exploited up to 255 million tons of oil, generating hundreds of trillions of dong in revenue and contributing to protecting national energy security for nearly half a century?
June 4, 2026 marked a special milestone for Vietnam's energy industry when Vietsovpetro officially reached the milestone of 255 million tons of oil exploited from Block 09-1 on the southern continental shelf.
This is not only a simple output figure but also a symbol of the 45-year journey of conquering the sea of ββmany generations of engineers, experts and workers in Vietnam and the Russian Federation.
The journey from the first ton of oil to 255 million tons
On June 26, 1986, the first commercial oil flow from Bach Ho field was successfully exploited.
From that historical milestone, Vietnam's oil and gas industry entered a period of strong development, making important contributions to the state budget, GDP growth and ensuring energy security.
Development milestone table
Meaningful Milestone
1981 Established Vietsovpetro
1986 First ton of oil exploited
2001 Exceeded 100 million tons of oil
2012 Exceeded 200 million tons of oil
2026 Reach 255 million tons of oil
Technical achievements create miracles
What makes Vietsovpetro highly appreciated by international experts is not just its output.
Breaking point pThe biggest gap is the discovery and exploitation of oil in the fractured basement rock at Bach Ho field.
Previously, many international experts said that it was almost impossible for the basement rock layer to become a large-scale commercial oil field.
However, reality in Vietnam has proven the opposite.
This success is considered one of the important geological discoveries of the world oil and gas industry for many decades.
Huge economic significance
In the context of budget revenue from crude oil in the first 5 months of 2026 increasing by 15.4% and reaching nearly 25,000 billion VND, the role of key oil fields becomes even more important.
Economic impact table
Value Indicator
Oil extracted from Block 09-1 255 million tons
Crude oil budget revenue for 5 months 2026 Nearly 25,000 billion VND
Operating time 45 years
Southern Continental Shelf exploitation area
Huge conversion value
If converted according to the average Brent oil price of about 70 USD/barrel and the standard oil and gas industry conversion factor, the total economic value created from 255 million tons of oil is estimated to reach hundreds of billions of USD over many decades.
Illustration of value scale
βββββββββββββββββββββββββ
β 255 MILLION TONS OF OIL β
β β 1.87 BILLION BARRELS OF OIL β
β β 130 BILLION USD β
β β 3.3 MILLION BILLION VND β
βββββββββββββββββββββββββ
This number is for reference only according to the average international oil price and shows the extremely large scale of Vietsovpetro's contribution to the Vietnamese economy.
Not just oil and gas
In the context of a strong energy transition in the world, Vietsovpetro and Petrovietnam are also entering a period ofnew restructuring.
Key goals include:
β Comprehensive digital transformation
β Application of artificial intelligence in mining
β Optimize operating costs
β Green energy research
β Support the development of biofuel E10
β Expand the energy value chain
Many experts assess that this will be a pivotal period for Vietnam's oil and gas industry to move from the traditional exploitation model to an integrated energy corporation model.
Imprint on the East Sea
Each drilling rig, each marine project of Vietsovpetro is not only of economic significance.
It is also a symbol of science and technology, the will to conquer the ocean and Vietnam's long-term presence in strategic waters.
Today's 255 million tons of oil is not only the achievement of the oil and gas industry but also the pride of modern Vietnamese industry.
As the world is facing an increasingly complex energy security problem, this historic milestone continues to affirm Vietsovpetro's important role in the national energy development strategy in the coming decades.
# Vietnam
