PVEP made a strong impression with a breakthrough in increasing oil and gas reserves and announcing a new strategic plan

Operational situation of increasing oil and gas reserves and PVEP's next plan

The latest information from the Petroleum Exploration and Production Corporation (PVEP) shows that in the first months of 2026, this unit has made significant progress in increasing oil and gas reserves. Exploration and exploitation activities are going strong, with many wells being constructed and preparing for deployment.

Exploration and exploitation process

• Completed construction of 5 exploration and appraisal wells.
• Drilling 2 new wells is underway.
• Prepare to deploy the remaining 7 wells in the last months of the year.

With the accelerated drilling progress, PVEP is making efforts to meet the need for increased oil and gas reserves in the context of a volatile global energy market.

Assess resources and update reserves

Besides well drilling, PVEP is also synchronously implementing resource assessment tasks. This not only helps update reserves but also builds key exploration programs to optimize the exploitation process.

Plan for the next stage

PVEP does not stop at well drilling and resource assessment. The company also prepares resources to carry out the next stages of the development plan. This includes developing new technologies, strengthening international cooperation and investing in potential projects.

With these efforts, PVEP aims to not only increase oil and gas reserves but also improve competitiveness in domestic and foreign energy markets.

Conclude

PVEP's activities to increase oil and gas reserves in 2026 show the Corporation's determination and commitment to sustainable development of Vietnam's oil and gas industry. With a clear strategic plan, PVEP is on track to realize its long-term goals, making an important contribution to the country's economic development.