Vietsovpetro, the Vietnam–Russia joint venture (JV), has brought online a wellhead platform at a field off the coast of Vietnam, Southeast Asia.

The Vietnam National Industry – Energy Group (PetroVietnam) has revealed the achievement of first oil from the BK-24 wellhead platform at the Bach Ho field, which was reached 65 days earlier than planned by Vietsovpetro, the Vietnamese firm’s JV with Russia’s Zarubezhneft.

This milestone is said to mark Vietsovpetro’s second completed offshore project in 2025, showcasing the team’s end-to-end capabilities across geology, field design, drilling, engineering, procurement, construction, and installation (EPCI), and commissioning.

The early start-up of BK-24 is perceived to demonstrate the JV’s core strength in developing marginal and small-scale oil fields with optimized costs and high efficiency, significantly contributing to national energy security and state revenue.

Petrovietnam also held a meeting with Russia’s Gazprom in May 2025 to talk about energy cooperation between the two countries, such as the infill drilling stage for two fields in Vietnam’s Nam Con Son Basin.

Another basin offshore Vietnam, Cuu Long Basin, was the site of an oil discovery for Houston-based Murphy Oil, which struck black gold at the Lac Da Hong (Pink Camel) field in Block 15-1/05.

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