Japan Vietnam Petroleum Company, Ltd.
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Joint Venture "Vietsovpetro"
🇻🇳 Vietnam
19815001-10000 peopleManufacturer/Service Company/Trading CompanyHigh capacity factory
Established brand
Large enterprise group
Multinational enterprise
Shipments
10
Key customer
SOLAR TURBINES
Key market
🇷🇺 Russia
Description
Joint Venture "Vietsovpetro" is a premier oil and gas enterprise headquartered in Vung Tau, Vietnam. Established in 1981 through an intergovernmental agreement between Vietnam and the Soviet Union (now the Russian Federation), the company is a strategic partnership between Petrovietnam and JSC Zarubezhneft. As one of Vietnam's largest economic entities, it employs a highly skilled workforce of approximately 7,000 to 8,000 international specialists and technicians. The company specializes in the exploration, production, and processing of crude oil, natural gas, and condensate, notably operating the White Tiger (Bach Ho) field, which is renowned for its unique granite basement reservoir.
Vietsovpetro operates as a comprehensive manufacturer and service provider with extensive offshore and onshore infrastructure. Its capabilities include a fleet of jack-up rigs, mobile well workover units, and over 30 support vessels, alongside a network of fixed platforms, central processing facilities, and hundreds of kilometers of subsea pipelines. The company provides full-scale EPCI (Engineering, Procurement, Commissioning, and Installation) services, offshore drilling, subsea pipeline installation, and marine transportation. Beyond its core petroleum activities, Vietsovpetro is expanding into renewable energy through offshore wind power projects and domestic supply chain development.
With a proven track record of generating over 77 billion USD in turnover by 2017, the company serves major international clients such as Gazprom, Technip, and Solar Turbines. Vietsovpetro maintains a 1,400-meter onshore service base and is recognized for its technical excellence, holding prestigious national honors including the Ho Chi Minh Medal. The joint venture continues to play a vital role in regional energy security while providing specialized technical services to third-party countries and international markets.
Offshore Oil Field
Offshore Oil Fields
Offshore Oil Field
Offshore Oil Field
Oil and gas exploration and production
Offshore Oil Field Platform
Petrovietnam Exploration Production Corporation Limited
🇻🇳 Vietnam
19881001-2000 peopleManufacturer/Trading Company/DistributorHigh capacity factory
Established brand
Large enterprise group
Multinational enterprise
Shipments
2
Key customer
TONG CONG TY THAM DO KHAI THAC DAU KHI
Key market
🇻🇳 Vietnam
Description
Petrovietnam Exploration Production Corporation Limited (PVEP) is a major state-owned enterprise based in Hanoi, Vietnam, specializing in the upstream sector of the oil and gas industry. Established in 1988 and operating as a core subsidiary of the Vietnam Oil and Gas Group (Petrovietnam), the company employs between 1,001 and 2,000 professionals. PVEP functions as a manufacturer, trading company, and distributor, focusing on the exploration, extraction, and production of crude oil, natural gas, and various hydrocarbons.
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Offshore Oil Platform
Offshore Oil Platform
Offshore Oil Platform
