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Submitted by ctv_en_7 on Mon, 04/10/2006 - 09:05
The Vietnam - Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) recently discovered an oil stream in drilling well 15 at the Central Rong Structure off the coast of southern Ba Ria-Vung Tau province.

Vietsovpetro General Director Tran Le Dong said that the oil flow, found at the depth of between 2,552 m and 2,710 m, will enable his enterprise to extract 850 cu.m. or 5,346 barrels of crude oil a day.

The General Director added that this was Vietsovpetro's first discovery of crude oil reserve at the Central Rong Structure.

Vietsovpetro exploited 62 million tonnes of crude oil and 10 billion cu.m. of gas in the 2000-2005 period.

In the reviewed five-year period, the enterprise earned more than US$15.6 billion from selling crude oil tapped from Bach Ho (White Tiger) and Rong (Dragon) fields.

It contributed more than US$10 billion to the State budget since it pumped the first tonne of crude oil in 1986.

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