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Sinochem News recently, the Vietnam Petroleum Group (PVN) said that since 2015, Vietnam's crude oil and natural gas extraction has been declining year by year, and the exploration of new oil fields is also facing many difficulties
According to the company, most of the main oil fields in Vietnam were put into exploitation from 1986 to 2015
PVN is now improving the recovery rate of existing oil wells through measures such as infill drilling and optimizing equipment