Party Committee of PQPOC Leads Effective Implementation of Political Tasks in First Half of 2026

In the context of the Lo B Gas Field Development Project entering its critical implementation phase, the Party Committee of PetroVietnam Oil and Gas Corporation (PQPOC) has demonstrated comprehensive leadership in maintaining discipline, unity, and effective management to ensure political tasks are executed according to priority areas.

Background of the Critical Project Implementation

The Lo B Gas Field Development Project, one of Vietnam's key national energy initiatives, has now entered a decisive implementation stage involving complex tasks requiring seamless coordination among various units. This project is considered pivotal in Vietnam's oil and gas industry development strategy for the 2026-2030 period, making substantial contributions to national energy security and socio-economic development.

According to the project timeline, natural gas production from the Lo B field is scheduled to commence in Q4 2026, with an initial designed capacity of 1.5 billion cubic meters per year. To achieve this goal, PQPOC must complete numerous critical tasks in the first half of 2026, including installation of the production platform, gas pipelines, supporting facilities, and completion of the gas treatment system.

Comprehensive Leadership Role of the Party Committee

The Party Committee of PQPOC has clearly defined its comprehensive leadership and directive role across all aspects of the organization's operations, particularly during the critical phase of the Lo B Gas Field Project. Through resolutions and directives, the Party Committee has guided the Board of Directors and all cadres, party members, and employees to focus on implementing political tasks.

The Party Committee has enhanced inspection and supervision of the implementation of resolutions and directives; promptly identifying difficulties and obstacles and proposing solutions. Simultaneously, the Party Committee has emphasized political and ideological work, creating consensus throughout the collective and ensuring high unity and solidarity.

Notable Leadership Measures

• Organizing conferences and seminars focused on the Lo B Gas Field Project
• Establishing special working teams as directed by the Party Committee
• Promoting the application of digital technology in project management
• Strengthening inspection of occupational safety and environmental protection
• Launching patriotic emulation movements

Achievements in the First Half of 2026

The leadership efforts of the Party Committee of PQPOC have yielded remarkable results in the first half of 2026, particularly in the implementation of the Lo B Gas Field Project. All production and business targets have been met and exceeded, making significant contributions to the overall success of Vietnam Oil and Gas Group (PetroVietnam).

Production Targets Achievement

According to the Board of Directors' report of PQPOC, in the first half of 2026, the unit achieved and surpassed production targets, ensuring sufficient gas supply to power plants and key industrial zones. Specifically:

Occupational Safety and Environmental Protection

The Party Committee of PQPOC has paid special attention to occupational safety and environmental protection in project implementation. Thanks to decisive leadership and strict supervision, no serious occupational accidents occurred in the first half of 2026, with an occupational accident rate below 0.1 per 1,000 workers—significantly lower than the industry average.

Regarding environmental protection, PQPOC has invested 12 billion VND in exhaust gas, wastewater, and waste treatment systems at the Lo B Gas Field Project area. All environmental indicators have met and exceeded regulatory requirements.

Human Resource Development

To meet the requirements of the Lo B Gas Field Project and ensure sustainable development, the Party Committee of PQPOC has directed the Board of Directors to implement numerous training and human resource development programs. In the first half of 2026, the unit organized 45 training courses with 1,200 participants, focusing on key areas:

• Occupational safety in oil and gas environments
• Application of new technologies in gas extraction
• Modern project management
• Environmental management and sustainable development

Challenges and Orientation for the Second Half of 2026

Despite achieving significant results, the second half of 2026 presents numerous challenges for PQPOC, particularly in completing remaining tasks of the Lo B Gas Field Project to ensure the Q4 2026 operational commencement timeline.

Key Solutions

To continue leveraging its leadership role, the Party Committee of PQPOC has outlined key solutions for the second half of 2026:

• Strengthening guidance and management of the Lo B Gas Field Project, particularly the installation of the production platform and gas pipelines
• Promoting the application of digital technology and automation in management and operations
• Enhancing inspection and supervision of occupational safety, especially during the peak period
• Completing human resource preparation for the Lo B platform operation phase
• Intensifying energy conservation and efficient resource utilization

Set Objectives

According to the plan, PQPOC aims to achieve the following targets in the second half of 2026:

In conclusion, through comprehensive leadership, the Party Committee of PQPOC has directed the organization to achieve significant results in the first half of 2026, establishing a solid foundation for completing political tasks in the second half of the year—particularly the Lo B Gas Field Development Project, a key initiative contributing to national energy security.