Sci-tech, key drivers for PVN development

12:00 | 10/06/2020 Companies

(VEN)- The history of the oil and gas sector has proven the important role of science and technology. Therefore, in its development strategy, the Vietnam Oil and Gas Group (PVN) has seen science and technology as key drivers that drive the group’s success.

sci tech key drivers for pvn development
An oil-rig at Bach Ho field

Science and technology have played an important role in boosting productivity, improving performance and enhancing efficiency for sustainable development. The growth of the oil and gas sector is reflected through the effect of science and technology, including three main breakthrough phases.

The 1960-1975 period affirmed Vietnam’s great potential in oil and gas reserves. While the north conducted oil and gas search in the Red River Delta and the northeastern region based on the Soviet technology, the south cooperated with foreign companies to conduct oil and gas search on the continental shelf and drill a number of oil and gas wells. Due to the war conditions, the effect of science and technology on the growth of the oil and gas sector remained limited.

The second phase, running from 1975 to 1988, was the period of approaching and applying new technologies to explore and exploit oil and gas on the continental shelf. On June 26, 1986, Vietnam got the first flow of crude oil from the Bach Ho field, naming the country on the map of oil producers. The pinnacle of science and technology effect in this phase was the discovery of non-traditional oil layer. Vietnam had developed methodologies to exploit this special oil layer in the fractured basement in the Bach Ho field. The work won the Ho Chi Minh Award for Science and Technology in 2012.

In the third phase from 1988 to 2010, scientific and technological activities had been deployed throughout the oil and gas sector from exploration and production, power generation, refining and petrochemicals to petroleum technical services. Science and technology in the oil and gas sector changed from scientific research to applied research. The application of scientific and technological achievements had brought oil output to nearly 22 million tonnes per year. In particular, after 30 years of operations, Vietsovpetro, a Vietnam-Russia oil joint venture, exploited more than 200 million tonnes of oil for revenues of over US$75 billion.

The establishment of the Phu My Gas-Power-Fertilizer Complex with rapidly increasing demand for electricity required early exploitation of the Lan Tay gas field. With strong development of science and technology, the Nam Con Son gas pipeline system with diameter of 26 inches, length of 370km and capacity of seven billion cu.m of gas per year was built and put into operation.

Science and technology also contributed to the formation of the gas-fired power industry, with the appearance of Phu My and Nhon Trach power plants.

To meet the economic development needs of the Mekong Delta region and implement the party’s rural industrialization strategy, the oil and gas sector focused on developing the Ca Mau Gas-Power-Fertilizer Complex. Science and technology once again confirmed its important role in developing the gas pipeline system.

PVN is proud of its scientific and technological achievements which have contributed to Vietnam’s socioeconomic development, national security and sovereignty protection.

sci tech key drivers for pvn development
Ca Mau 1&2 gas thermal power plants

Ngan Thanh