PVEP Reports Increased Oil Production in First Nine Months of 2026

In the first three quarters of 2026, PVEP, a subsidiary of the Vietnam National Oil and Gas Group (PetroVietnam), reported significant growth in oil production. The company produced around 3.30 million tons of oil equivalent, reflecting a 27% rise from the same timeframe in 2025.

This increase is attributed to effective strategies implemented by PVEP, including the introduction of new wells, enhanced well interventions, optimized operations, and the application of advanced scientific and technological solutions. These efforts are expected to support PVEP in achieving its annual production goals and contribute to overall growth in the sector.

Source: Nangluongvietnam.vn (Vietnam Energy Magazine). Read the full article.