Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field

Built in March 2018, the CTC1-WHP oilrig is the most important component in Ca Tam oil field development project in Lot 09-3/12 operated by Vietsovpetro under a production sharing contract signed with the Vietnam Oil and Gas Group (PetroVietnam), the PetroVietnam Exploration Production Corporation (PVEP), and Bitexco Group. 

On January 25, it pumped up the first flow of oil with a total capacity of 1,630 tonnes per day. 

On February 10, Vietsovpetro put the first well CT-101 into operation. As planned, it will launch additional six wells this year, raising the total yearly capacity to 766,000 tonnes.

In the near future, it will step up oil and gas exploration and exploitation in Cuu Long field, contributing to safeguarding Vietnam’s sovereignty and economic interests on the continental shelf and territorial waters.