PVEP’s State budget contribution surpasses 43% of set target
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), contributed nearly VND2.3 trillion (US$99.8 million) to the State budget in the first four months of 2021, or 43% higher than the set plan.
In the period, the corporation exploited 1.2 million tonnes of oil equivalent, 5% higher than the plan.
Its total revenue surpassed VND8.8 trillion, 35% higher than the plan.
In April, PVEP continues maintaining safe production, with no accidents occurring in its projects. In addition, the corporation keeps a close watch on weather developments at sea to make timely response and ensure safety for oil and gas exploration and exploitation activities.