From May 1st to 4th, 2017, Dr. Ngo Huu Hai – CEO of PVEP and entourage, together with a PetroVietnam delegation headed by Mr. Nguyen Quoc Thap – PVN Vice President took part in the Offshore Technology Conference - OTC 2017 in Houston, USA and met with many partners in the center of the petroleum world. 
OTC is the biggest and most important oil and gas exhibition held annually in Houston, displaying advances in energy and oil and gas technologies. It is also a forum for managers, leaders of PVN and partners to meet and exchange experience, views on the future development of the sector. This year, the event attracted over 100,000 people from 130 countries, over 2,600 companies representing 37 countries and territories, 328 presentations were made on topics ranging from upstream, to mid, to downstream processes. 

PVN/PVEP delegations and partners at the OTC 2017

At the conference, participants heard presentation from Vice President Cao Huu Binh, representing PVEP discussing the challenges and solutions for smaller wells which PVEP is currently involved in. Speaking at the conference, CEO of PVEP Ngo Huu Hai confirmed that despite the prolonged low oil price, seriously affecting oil and gas projects, particularly small, marginal wells, PVEP has successfully carried out ST solutions, innovations and patents, and have therefore yielded positive results from linking Hai Su Trang – Hai Su Den wells with Te Giac Trang well, resulting in over 600 million USD in savings as compared to pursuing an independent development scheme. Of special note, PVEP made a breakthrough, not-for-profit proposal to the government in terms of oversight of oil and gas projects with Sông Đốc well, which helped the Government generate additional revenues of roughly 36 million USD.

Dr. Ngo Huu Hai - CEO of PVEP talking with partners at the OTC

While in Houston, CEO of PVEP Ngo Huu Hai took part in PVN's meetings with Halliburton, Murphy Oil, and Alaska Gasline Development to promote cooperation projects and orient future cooperation. At the meetings, Dr. Ngo Huu Hai congratulated Murphy Oil for the promising initial results from exploration drills in block 15.2 off the coast of Vietnam and expressed the hope that first commercial oil is not far off in the future. The CEO of PVEP also affirmed that Murphy Oil is a trusted partner of PVEP, PVEP will always work closely with Murphy oil in oil and gas projects within Vietnam's continental shelf. In the meeting with Halliburton, PVEP will promptly realize the details of the signed MOU. PVEP will help Halliburton take part in drilling and completion of wells which PVEP has a stake in. 

Leaders of PetroVietnam and PVEP in meeting with Murphy Oil

On the sidelines of the OTC 2017, in the afternoon of May 3rd, the PVN delegation with the participation of CEO Ngo Huu Hai also visited Exxon Mobil headquarters and met with Exxon Mobil executives. PVN/PVEP leaders once again affirmed the importance of Cá Voi Xanh project in blocks 117-118-119 and pledged to assist and coordinate with Exxon Mobil to ensure first commercial oil by end of 2023. On May 1st, 2017, Dr. Ngo Huu Hai and the PVN entourage also visited the Schlumberger Technical Center, the world's largest, and most advanced IT solutions and seismic database. Dr. Ngo Huu Hai engaged in discussions with Schlumberger executives on experiences in developing the cetner and expressed hope for future cooperation.