Vietnam National Petroleum Group
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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
Japan Vietnam Petroleum Company, Ltd.
🇻🇳 Vietnam
1992201-300 peopleManufacturer/Trading CompanyEstablished brand
Multinational enterprise
Eco-friendly supplier
High-tech enterprise
Shipments
246
Key customer
SCHLUMBERGER
Key market
🇵🇦 Panama
Description
Japan Vietnam Petroleum Company, Ltd. (JVPC) is a prominent manufacturer and contractor in the energy sector, specializing in the exploration, development, and production of oil and natural gas. Established in 1992 and headquartered in Vung Tau, Vietnam, the company operates as a key subsidiary of Japan's ENEOS Group (specifically under JX Nippon Oil & Gas Exploration Corporation). JVPC is a primary operator of Block 15-2 offshore Vietnam, managing significant assets including the Rang Dong and Phuong Dong oil fields. The company has achieved major milestones, such as producing over 250 million barrels of oil, which serves the Vietnamese market and broader Asian regions including Japan.
As a technology-driven enterprise, JVPC utilizes advanced recovery methods, including Vietnam’s first Enhanced Oil Recovery (HCG-EOR) by hydrocarbon gas injection and the world’s first Clean Development Mechanism (CDM) project in the oil and gas industry for associated gas recovery. Their business profile extends from upstream exploration to downstream segments, including the supply of petroleum products, lubricants, non-ferrous metals, and chemical materials. The company also focuses on environmental solutions such as Carbon Capture and Storage (CCS/CCUS) to align with global sustainability trends.
With a workforce of several hundred professionals, JVPC maintains robust manufacturing and offshore platform capabilities. They collaborate closely with state entities like PetroVietnam and PVEP to ensure safe and stable energy production. Beyond core extraction, the company is involved in oilfield engineering, logistics, and industrial equipment sourcing, supported by international trade activities and a commitment to environmental protection and resource efficiency.
Crude oil and natural gas
Crude oil and natural gas
Crude oil and natural gas
Crude oil and natural gas
Crude oil and natural gas
