PVEP CHAIRMAN WORKS WITH THANG LONG JOC

15/01/2019

On the morning of December 28th 2018, the delegation of PetroVietnam Exploration Production Corporation (PVEP) led by Dr. Tran Hong Nam - Chairman of PVEP's Board of Directors had a meeting with key leaders of Thang Long Joint Operating Company (TLJOC). The delegation included Mr. Dang Viet Long - Member of the Board of Directors, Mr. Vu Minh Duc – Vice President, Dr. Nguyen Tien Long – Vice President and representatives from functional divisions of PVEP.

Thang Long JOC is the Joint Operating Company of Block 15-2 / 01, offshore Vietnam, with the participation of PVEP and Repsol. Currently TL JOC is operating two projects of Hai Su Trang and Hai Su Den with an output of about 10 thousand barrels of oil per day.

The report at the meeting said that TL JOC completed the multi-faceted victories in 2018: Production output reached 0.220 million tons of oil, 17% higher than the assigned plan; Production activities were absolutely safe, no incidents or accidents causing interruption; Production time (uptime) reached 98.5%; Operating costs are optimal, 6% lower than the approved budget. The outstanding achievements of TL JOC have positively contributed to the overall achievement of PVEP. In 2019, the TL JOC intends to set a target of producing 0.188 million tons of oil.

After the report and discussion, Chairman Tran Hong Nam highly appreciated the results that TL JOC had achieved with many efforts. Dr. Nam requested all Leaders and Representatives in the Project as well as functional Divisions to actively coordinate with the TL JOC to speed up the early approval of Field Development Plan (FDP); Production Well 7P; Operation & Maintenance Contract (O&M) and TIA Agreement ...


Dr. Tran Hong Nam - Chairman of PVEP speaks at the meeting

At the meeting, the Delegation also held a ceremony to award new Decisions on TL JOC Leadership, in which Mr. Ha Van Bich will retire on the regime from 01st January 2019; and PVEP appointed Dr. Nguyen Tien Long – Vice President of PVEP to General Director of TL JOC from 01/01/2019. 


PVEP leaders congratulate new management of Thang Long JOC

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