According to the Vietnam Oil and Gas Group (Petrovietnam), the Vietsovpetro joint venture has achieved a significant milestone by officially commencing commercial oil production from the BK-24 wellhead platform at the Bach Ho field.
At 5:30 PM on October 11, 2025, Vietsovpetro proudly witnessed the first commercial oil flow from the BK-24 platform. The oil flow initiation process began earlier that day at 6:15 AM from well 24001 on the same platform.
Onshore fabrication of the BK-24 platform’s jacket
The early commissioning of the BK-24 platform, 65 days ahead of schedule, marks a critical achievement. This underscores Vietsovpetro’s comprehensive capabilities and proactive approach across the value chain, including Geology and Reservoir Engineering, Drilling Operations, and EPCI (Engineering, Procurement, Construction, and Installation) services.
Launching of the BK-24 platform’s jacket
The BK-24 platform is the second field development project completed and brought online by Vietsovpetro in 2025, following the KNT-KTN project. The increased crude oil production from BK-24 will play a pivotal role in ensuring Vietsovpetro not only meets but exceeds its 2025 production targets, solidifying Petrovietnam’s leadership in the energy sector.
Furthermore, the initial oil flow from BK-24 significantly contributes to Vietnam’s national budget and strengthens the country’s energy security.
Loading the BK-24 topside onto the VSP-05 barge
Established in 1981 under the Vietnam-Soviet Intergovernmental Agreement, Vietsovpetro specializes in scientific research, geological exploration, drilling, field development, oil and gas production, and processing within Block 09-1 and other offshore blocks in Vietnam. The company also provides energy services to partners in Vietnam and the region.
With a workforce of nearly 7,000 highly skilled professionals, Vietsovpetro possesses the capability to execute most of its operations independently while offering services to partners in oil and gas exploration, production, and energy.
Vietsovpetro’s CNTT Platform No. 2
Over the past 44 years, Vietsovpetro has established itself as a cornerstone of Petrovietnam in oil and gas exploration and production.
The company has drilled over 850 wells, conducted seismic surveys spanning hundreds of thousands of kilometers in 2D and tens of thousands of square kilometers in 3D, discovered 8 new fields, constructed more than 70 offshore structures, and installed over 900 kilometers of subsea pipelines.
With over 250 million tons of crude oil and tens of billions of cubic meters of gas produced, along with hundreds of trillions of Vietnamese dong contributed to the state budget, Vietsovpetro has not only ensured national energy security but also become a symbol of innovation, resilience, and adaptability in the global oil and gas industry.
Beyond production, Vietsovpetro has expanded into the service market, participating in numerous national and international key projects, generating nearly $5 billion in revenue between 2005 and 2024.
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