Joint Venture "Vietsovpetro"
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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
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.
Research Vessel
Offshore Oil Platform
Offshore Oil Platform
Offshore Oil Platform
