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Home Introduction Joint Venture "Vietsovpetro"


​​​Core businesses 


             Russia-Vietnam Joint Venture - Vietsovpetro was established on June 19th, 1981 and operated upon the Inter-Governmental Agreements between Vietnam and Soviet Union (1981), Vietnam and Russian Federations (2010) regarding the co-operation in petroleum exploration and production on the continental shelf of Vietnam.
             Currently, Vietsovpetro consists of sixteen (16) subsidiaries, each of which constitutes a core function to support the petroleum exploration and production activities. With 8.000 international qualified, experience staffs and highly-skilled technician, Vietsovpetro is capable to execute complex petroleum projects - from seismic interpretation, exploration drilling, field development; to engineering, fabrication and installation of offshore facilities, production and export of crude-oil - not only for Vietsovpetro, but also for other local and international companies.

    • Exploration, production, gathering, processing, transportation, storing and selling of petroleum products, gas and condensate in the Socialist Republic of Vietnam, Russia and third-party countries, through organizations established by the S. R Vietnam on the basis of petroleum contracts;
    • Scientific research, survey, engineering, construction and development of oil and gas fields, engineering and construction of oil and gas projects;
    • Buy, sell, import and export of oil and gas materials and equipment;
    • Perform and provide technical services for local and international companies.
    • Other non-illegal services.
    Vietsovpetro has discovered nine (09) oilfields with commercial value and rich oil-, in which White Tiger is the biggest oilfield, with major concentration of oil and gas in granite basement reservoir. This is a special phenomenon, never before seen in over 400 oilfields and 50 sedimentary basins discovered in the Pacific Northwest area.