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    Home > Chemicals Industry > International Chemical > Vietnam's oil production is declining year by year

    Vietnam's oil production is declining year by year

    • Last Update: 2021-12-03
    • Source: Internet
    • Author: User
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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


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