#Petrovietnam #Rusvietpetro #Nenets #BacCuc #DauKhiVietNam #CongNgheDauKhi #NangLuong #TimKiemTop
With only 28 Vietnamese engineers working in minus 50 degrees Celsius, Petrovietnam has generated hundreds of millions of dollars in cash flow each year. Do you believe this is one of the most successful overseas investment deals in Vietnam's history?
Amid the harsh ice of the Russian Arctic, where winter temperatures can drop below minus 50 degrees Celsius, the Rusvietpetro joint venture has become a real "gold mine" for Petrovietnam.
Not only is it a symbol of Vietnamese intelligence and bravery, this project also brings profits of trillions of dong each year, making an important contribution to the national budget and affirming the position of Vietnam's oil and gas industry on the world energy map.
What is Rusvietpetro?
Rusvietpetro is a joint venture between Petrovietnam and Zarubezhneft of Russia, established in 2008.
Petrovietnam holds 49% of the capital.
Zarubezhneft holds 51% of the capital.
The joint venture was assigned to exploit many oil and gas blocks in the Nenets autonomous region, the northernmost region of Russia.
Working conditions are unbelievably harsh
The mining site is located deep in the Arctic region
️ Winter temperatures drop to minus 50 degrees Celsius
❄️ Snowstorms last for weeks
Travel depends on helicopters and specialized vehicles
Only about 28 Vietnamese experts work directly and regularly
In conditions where just being outside for a few minutes can cause frostbite, Vietnamese engineers still operate oil wells.stable for many years.
SUMMARY TABLE OF PROJECT PERFORMANCE
Indicator Estimated value
Total technical recoverable reserves are 104 million tons of oil
Annual sustained output More than 3 million tons
Total accumulated output is over 40 million tons
Exploitation cost: About 77,000 VND/barrel
Breakeven price: About 642,000 VND/barrel
Total accumulated profit Over 78,000 billion VND
Petrovietnam's ownership ratio is 49%
“MONEY PRINTING MACHINE” AMONG THE SNOW
With an exploitation cost of only about 3 USD per barrel, Rusvietpetro belongs to the group of oil fields with the lowest costs in the world.
Even when oil prices plummeted, the project still maintained very high profitability.
Estimated profit based on oil price
Brent oil price Profit margin before other costs
60 USD/barrel Very high
80 USD/barrel Extremely attractive
100 USD/barrel Exploding profits
28 VIETNAMESE PEOPLE CREATE HUGE VALUE
If the joint venture brings in about 200 million USD in profit in a year, equivalent to more than 5,200 billion VND, then on average each Vietnamese expert is contributing to creating a value of nearly 186 billion VND per year.
This is a number that surprises many industries.
STRATEGIC SIGNIFICANCE
1. Affirming Petrovietnam's international investment capacity
2. Create a sustainable source of foreign exchange revenue for Vietnam
3. Access mining technology in the world's harshest environments
4. Training a team of world-class petroleum engineers
5. Enhance Vietnam's position in the global energy industry
COMPARISON WITH INTERNATIONAL PROJECTS
Project Area Outstanding Features
Rusvietpetro Russia Extremely low exploitation costs, high profits
Sakhalin-1 Nstation Very large scale, huge investment capital
Johan Sverdrup Norway One of the most productive mines in Europe
Kashagan Kazakhstan Large reserves but very high costs
Rusvietpetro stands out thanks to its outstanding financial performance despite its very streamlined Vietnamese workforce.
BIG LESSON FOR VIETNAMESE BUSINESSES
Rusvietpetro's success proves that Vietnamese businesses can compete in the most difficult markets if they have the right strategy, strong partners and high-quality technical team.
CONCLUSION
In the cold of minus 50 degrees Celsius in the middle of the Arctic, 28 Vietnamese people are helping to operate one of the country's most successful overseas investment projects.
It is not only a story about oil, but also a testament to Vietnam's intelligence, bravery and desire to reach out in the international arena.
#Petrovietnam #Rusvietpetro #DauKhiVietNam #NangLuong #BacCuc #CongNgheDauKhi #KinhTeVietNam #TimKiemTop
